A Chinese clerk counts renminbi banknotes at a bank in Huaibei of Anhui province on 1 December 2015. Photo: Shutterstock A Chinese clerk counts renminbi banknotes at a bank in Huaibei of Anhui province on 1 December 2015. Photo: Shutterstock
A Chinese clerk counts renminbi banknotes at a bank in Huaibei of Anhui province on 1 December 2015. Photo: Shutterstock
Currencies

China allows currency traders to push the renminbi toward its best quarter since 1981 against the US dollar as economy picks up pace

  • The yuan has strengthened 4.4 per cent since the end of June to 6.7620 per dollar, set for the biggest ever quarterly gain in Bloomberg data going back to 1981
  • The currency is the best performer in Asia in the third quarter, with the buying momentum close to the strongest since January

Topic |   Currencies
A Chinese clerk counts renminbi banknotes at a bank in Huaibei of Anhui province on 1 December 2015. Photo: Shutterstock A Chinese clerk counts renminbi banknotes at a bank in Huaibei of Anhui province on 1 December 2015. Photo: Shutterstock
A Chinese clerk counts renminbi banknotes at a bank in Huaibei of Anhui province on 1 December 2015. Photo: Shutterstock
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