The yuan surged to its highest level in 25 months due to a sell-off in US dollars and after Germany’s central bank saying it had decided to include China’s currency in its foreign exchange reserves. Photo: Reuters

Yuan surges to 25-month high as global use rises amid dollar sell-off

Onshore yuan rises 0.67 per cent to 6.4259 against the dollar, marking its strongest level since December 2015

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The yuan surged to its highest level in 25 months due to a sell-off in US dollars and after Germany’s central bank saying it had decided to include China’s currency in its foreign exchange reserves. Photo: Reuters
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