The Chinese yuan is expected to depreciate against the strong U.S. dollar, raising concerns about the extent of the currency’s potential decline and its global impact on export competitiveness and Chinese economic growth. Market shifts following Donald Trump’s election victory have already led to a 3% drop in the offshore yuan and a 16-month low for the onshore yuan, with investors wary of China’s economic challenges and a possible rise in U.S. interest rates. As U.S. Treasury yields rise and the dollar strengthens, the Federal Reserve’s reduced rate cut expectations have widened the yield gap between U.S. and Chinese bonds, driving the dollar up and the yuan down.
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Matthew Lawrence Says He Got In Trouble On Set For Dismissing Gabrielle Union's 1 Request
In 2017, Matthew Lawrence faced consequences when he declined to rehearse lines with co-star Gabrielle Union on the set of the TV film H-E Double Hockey Sticks. Union reported the incident to the director and studio, leading to Lawrence being called into the office for the first time in his career. This encounter left Lawrence feeling embarrassed, as he admitted to being unaware of Union's rising stardom at the time. Full Article
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