Last week, the yuan jumped by around 1.6 per cent, its biggest weekly gain since 2005 amid expectations authorities will continue to loosen strict virus curbs. Photo: EPA-EFE
Last week, the yuan jumped by around 1.6 per cent, its biggest weekly gain since 2005 amid expectations authorities will continue to loosen strict virus curbs. Photo: EPA-EFE
Yuan

China’s yuan strengthens past 7 per US dollar amid easing of coronavirus curbs

  • China’s onshore yuan finished the domestic trading session on Monday at 6.9561 per US dollar, the strongest close since September 13
  • The currency was bolstered by Beijing easing some coronavirus curbs and expectations of slower US interest rate increases

Last week, the yuan jumped by around 1.6 per cent, its biggest weekly gain since 2005 amid expectations authorities will continue to loosen strict virus curbs. Photo: EPA-EFE
Last week, the yuan jumped by around 1.6 per cent, its biggest weekly gain since 2005 amid expectations authorities will continue to loosen strict virus curbs. Photo: EPA-EFE
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