Following Trump's re-election, renewed fears over U.S.-China trade tensions have heavily impacted the Chinese yuan, bringing significant decline and bearish near-term outlook.
Trump's campaign rhetoric and talk of new tariffs led to investor concern about fresh trade restrictions targeting Chinese exports, resulting in a decrease of the yuan.
Despite the pressure, a rebound in the yuan signals some level of investor confidence in the Chinese government's ability to stabilize the economy amid external pressures.
An increase in export activity and anticipations of a stimulus package from Beijing have contributed to a mix of bearish and bullish factors influencing the yuan's value.
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