The euro weakened for a second day against the dollar after German exports fell in April and Italian industrial production shrank, adding to signs Europe’s debt crisis is hurting the region’s economy.
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China Lets Currency Weaken, Risking New Trade Tensions
A cheaper renminbi makes Chinese exports more competitive in overseas markets, but it could worsen trade friction with Europe and particularly the United States.
RMB Globalisation Good For Brunei And China
Bandar Seri Begawan – The internationalisation of the Renminbi (RMB) could stand to benefit the already-growing trade between Brunei and China, and will provide another tool for those involved in imports and exports.