The yuan powered further ahead against the US dollar on Tuesday, after hitting its strongest level in seven months the previous session. Photo: Rauters

Yuan powers ahead after hitting 7-month high

Both HSBC and Morgan Stanley raise their yuan forecasts to 6.9 to the US dollar by year-end

Topic |   Yuan

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The yuan powered further ahead against the US dollar on Tuesday, after hitting its strongest level in seven months the previous session. Photo: Rauters
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Laura He

Laura He

Before joining the Post, Laura worked for MarketWatch and The Wall Street Journal Digital Network in San Francisco and Hong Kong. She has also worked for Forbes in San Francisco and had stints at Xinhua News Agency as economics editor, anchor and financial correspondent in both Beijing and Hong Kong. She has an MA degree in digital journalism from Stanford University and passed CFA exams.