August 21, 2022 – InvestingSalary

Asian Currencies are taking A Hit Against the US Dollar

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Asian currencies have fallen due to worries about China’s slowing economic development and remarks from the US Federal Reserve.

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The value of net long positions on the US dollar rose to $13.37 billion in the week ended Aug 16, while net short positions on the euro increased.

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Xiaomi’s revenue for the second quarter of 2020 fell by 20% compared to the second quarter of 2019.

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BofA analyst raised Dick’s Sporting Goods (NYSE: DKS) price target to $125 per share from $105 on Friday.