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View all search resultsThe dollar held firm at a 20-year high on Friday and was poised to score its best monthly gain in a decade, while the yen is down almost 7 percent in April and the euro dropped through $1.05 for the first time in five years.
The dollar was firm on Friday ahead of US inflation figures, which could settle the course of interest rates, while the Chinese yuan was nursing its sharpest drop in months after a nudge lower from authorities triggered a slide.
The US-China trade war will continue and enter the next episode, namely a currency war. The change will have a greater impact on and hurt not only the US and Chinese economies but also the global economy. Some experts predict that if the currency war continues to take place, it may lead to three scenarios.
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