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[$$] US-China truce sparks rallies in Asia for equities, renminbi

Edward White in Taipei

The dollar lost ground to its Asia-Pacific peers, with the Australian dollar, which is seen as exposed to regional trading volumes, gained 0.7 per cent to $0.7367 against the greenback. The onshore Chinese renminbi exchange rate, which moves within a trading band of 2 per cent either side of a daily