Tuesday 7 April 2020
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scmp - 12 days ago

Coronavirus sparks US dollar dilemma for China as Federal Reserve ramps up easing

To sell or not to sell? That is the question for Beijing as it looks at its United States Treasury holdings.Analysts say China, which is hoarding about US$1.1 trillion worth of US government bonds in its foreign reserves, is facing a dilemma of whether to cut its exposure to the Treasury securities as the US Federal Reserve loosens its monetary policy at an unprecedented level.For now, a global sell-off of stocks and commodities over coronavirus fears has seen investors scramble for the…

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