Depreciation in example sentence
Moreover, according to the State Administration of Foreign Exchange, China’s current-account and non-reserve financial-account surpluses stood at $5.8 billion and $18.2 billion, respectively, in the second quarter of 2018With “twin surpluses” in the second quarter and July, and with no detectable large-scale capital outflows, the renminbi’s sharp depreciation becomes more difficult to explain.
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