On Friday the onshore yuan rate shot up as much as 0.7 per cent to 6.439 per US dollar, the first time it has breached 6.45 per dollar since December 2015. Photo: Reuters
Laura He
Opinion

Opinion

Across The Border by Laura He

China’s huge currency rally could have further to go, analysts say

China’s yuan has appreciated nearly 2 pc against the dollar this week, against a favourable backdrop and growing bearishness towards the greenback

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On Friday the onshore yuan rate shot up as much as 0.7 per cent to 6.439 per US dollar, the first time it has breached 6.45 per dollar since December 2015. Photo: Reuters
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