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Market awaits Trump tweet on strong dollar as China’s currency gets weaker

  • The Chinese yuan continues to weaken against the dollar and is testing a key psychological and technical level that strategists say could give way to more weakness if broken.
  • Strategists say the dollar has made such big moves against some currencies, but its move against the yuan is the one that many speculate could draw comments from President Donald Trump.
  • There's speculation that the U.S. could intervene in the currency market if the dollar strengthens too much, but tweets or 'verbal' intervention were seen as more likely.

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