In the first quarter of 2019, the yuan rose 1.9 per cent against the US dollar, with net dollar purchases by Chinese individuals, a sign of interest in holding the currency, falling 22 per cent from a year earlier. Photo: Bloomberg
China sees brighter outlook for yuan and foreign investment as US-China trade war deal nears
- State Administration of Foreign Exchange offers positive outlook due to domestic growth and move by the US Federal Reserve to halt interest rate increases
- China’s gross domestic product expanded 6.4 per cent in first quarter of 2019 – stronger than expected and at the top end of the government’s growth target range
In the first quarter of 2019, the yuan rose 1.9 per cent against the US dollar, with net dollar purchases by Chinese individuals, a sign of interest in holding the currency, falling 22 per cent from a year earlier. Photo: Bloomberg
