The yuan slumped 6.5 per cent against the US dollar in 2016, but has unexpectedly reversed course this year, surging 5.3 per cent so far. Photo: Bloomberg

Chinese firms rush to hedge as yuan swings begin to sting

Topic |   Yuan

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The yuan slumped 6.5 per cent against the US dollar in 2016, but has unexpectedly reversed course this year, surging 5.3 per cent so far. Photo: Bloomberg
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