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This content discusses the Chinese Yuan to USD exchange rate update in 2024 and explores the complexities surrounding the global currency system. It highlights five reasons why China may not seek to replace the US Dollar as the world's reserve currency, despite de-dollarization efforts. The article delves into the intricacies of currency dominance and the challenges faced by both the Chinese Yuan and the US Dollar in the international financial landscape.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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