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China Expands Economic Toolkit

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Despite a trade truce with Trump, China has expanded laws to punish foreign firms that exit its supply chains. New rules allow asset seizures and travel bans as Beijing builds leverage ahead of a May summit.
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29 Apr 2026

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The EUR/USD daily chart currently exhibits a clear macro bearish trend defined by a descending channel, though it is presently undergoing a short-term bullish relief rally toward the upper resistance boundary near 1.1800. Traders are closely monitoring this upper trendline, as a rejection here coupled with bearish candlestick patterns would likely signal a continuation of the downtrend toward historical horizontal

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