The onshore yuan, traded inside mainland China, fell by as much as 0.07 per cent to touch a fresh 21-month low on Friday before rebounding 0.05 per cent Thursday’s close to stand at 6.9338 against the dollar at mid-afternoon on Friday. Photo: AP

Yuan halts slide against US dollar after PBOC comments

  • The Chinese yuan edged higher on Friday after People’s Bank of China governor Yi Gang said measures to help alleviate corporate financing problems and encourage commercial banks to boost lending are on the way
Topic |   Yuan

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The onshore yuan, traded inside mainland China, fell by as much as 0.07 per cent to touch a fresh 21-month low on Friday before rebounding 0.05 per cent Thursday’s close to stand at 6.9338 against the dollar at mid-afternoon on Friday. Photo: AP
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