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https://www.barrons.com/articles/twitter-us-dollar-china-yuan-51651247606?mod=past_editions
Submission: On May 02 via api from CH — Scanned from DE
Submission: On May 02 via api from CH — Scanned from DE
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We've detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser. CHROME SAFARI FIREFOX We've detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser.GoogleFirefox Search News & Quotes Barron's TopicsStock PicksMagazineDataAdvisorPenta100 Years Subscribe Now |Sign In Barrons China’s Plunging Yuan Is a Bigger Deal Than Elon Musk and Twitter Next: Giant Pension Bought Tesla, Pfizer, and Starbucks Stock. It Sold Nike. * * * * Share This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/twitter-us-dollar-china-yuan-51651247606 * Economy & Policy * Up and Down Wall Street CHINA’S PLUNGING YUAN IS A BIGGER DEAL THAN ELON MUSK AND TWITTER * * * * -------------------------------------------------------------------------------- By Randall W. Forsyth Updated May 1, 2022 / Original April 29, 2022 * Order Reprints * Print Article While your attention probably was focused on that big takeover of a certain social-media site, the gyrations in the global currency markets arguably were even wilder and probably more important. Asian currencies, notably China’s yuan and Japan’s yen, took their sharpest dives in years, while on the other side of the globe, the euro slid to a five-year low. To be sure, much of the drops reflects the strength of the greenback, resulting from the surge in U.S. bond yields this year. But there are other, particular aspects that... Subscribe or Sign In to continue reading -------------------------------------------------------------------------------- * Markets * Inside Scoop GIANT PENSION BOUGHT TESLA, PFIZER, AND STARBUCKS STOCK. IT SOLD NIKE. * * * * -------------------------------------------------------------------------------- By Ed Lin May 1, 2022 7:00 am ET * Order Reprints * Print Article One of the largest U.S. public pensions made material changes in its largest investments. State Teachers Retirement System of Ohio increased investments in Tesla (ticker: TSLA), Pfizer (PFE), and Starbucks (SBUX), and cut its holdings in Nike (NKE) stock in the first quarter. STRS Ohio, as the pension is known, disclosed the trades in a form... Subscribe or Sign In to continue reading -------------------------------------------------------------------------------- More from News Corp * Realtor.com Looking to buy your first home? You’ve come to the right place. * PENTA 2022 Acura NSX Type S—Powerful, Precise, and the Last of Its Kind * Realtor.com 'Selling Sunset' Season 5: The Real Estate Wars Continue; Plus, a Grammy-Winning Duo Takes a Loss * Financial News London Credit Suisse reveals $284m loss as investment bank tumbles * PENTA Good Company: FLYJETS Aims to Make Flying Private More Accessible—and Green Close CHINA’S PLUNGING YUAN IS A BIGGER DEAL THAN ELON MUSK AND TWITTER While your attention probably was focused on that big takeover of a certain social-media site, the gyrations in the global currency markets arguably were even wilder and probably more important. From To Message SEND An error has occurred, please try again later. Thank you This article has been sent to Privacy Notice Cookie Notice Do Not Sell My Personal Information Copyright Policy Data Policy Accessibility Your Ad Choices Subscriber Agreement & Terms of Use Barron's Archive Corporate Subscriptions Manage Notifications Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. Barron's Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.