Bundles of 100-yuan notes issued by the People’s Bank of China. Photo: Shutterstock
Bundles of 100-yuan notes issued by the People’s Bank of China. Photo: Shutterstock
Yuan

Onshore yuan strengthens for the first day in nine after China’s central bank props up currency with stronger fix and verbal warnings

  • The currency advanced 0.3 per cent, halting an eight-session slide around 3 per cent
  • The Chinese central bank set the fix at a stronger-than-expected level for the 26th straight session

Bundles of 100-yuan notes issued by the People’s Bank of China. Photo: Shutterstock
Bundles of 100-yuan notes issued by the People’s Bank of China. Photo: Shutterstock
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