China's yuan gains as Fed rate caution knocks dollar from 18-month high
SHANGHAI: China’s yuan inched higher against the dollar on Thursday after the US currency slipped from an 18-month peak as Federal Reserve officials cautioned about chances for a hike in interest rates this month, despite hotter-than-expected inflation data....
SHANGHAI: China’s yuan inched higher against the dollar on Thursday after the US currency slipped from an 18-month peak as Federal Reserve officials cautioned about chances for a hike in interest rates this month, despite hotter-than-expected inflation data. In the spot market, the onshore yuan was 0.09% higher at 6.6918 per dollar by 0307 GMT, while its offshore counterpart fetched 6.6921. Prior to the market openi...