China's yuan touches new high since 2022 on weaker dollar, export resilience
HONG KONG: China’s yuan traded in a narrow range on Wednesday after briefly hitting its highest in more than four years, supported by robust export growth and a broadly weaker dollar. The greenback remained subdued after falling to a three-week low in the pre...
HONG KONG: China’s yuan traded in a narrow range on Wednesday after briefly hitting its highest in more than four years, supported by robust export growth and a broadly weaker dollar. The greenback remained subdued after falling to a three-week low in the previous session, with lower Treasury yields and weaker oil prices reducing the currency’s appeal. The yuan touched 6.6765 per dollar in morning trade, its stronge...