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China Woes Grant Dollar Bulls Reprieve From Recent Weakness

  • Bloomberg Dollar Index gains for second straight session
  • Asia sees wave of haven buying on poor China economic data
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China Faces Risk of Weaker Growth
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China’s worsening economic outlook may supercharge demand for the world’s safest assets, with the dollar likely to be among the top beneficiaries. 

That’s according to strategists who reckon investors could double down on long greenback bets against the yuan and other emerging currencies as jitters around a Chinese downturn spur funds to dial back risk-taking.