Yuan hits 4-year high as strong GDP data tempers need for stimulus
SHANGHAI: China’s yuan strengthened against the US dollar on Monday to its firmest in more than four years, buoyed by better-than-expected third-quarter economic growth that eased pressure on policymakers to roll out more aggressive stimulus. The economy expa...
SHANGHAI: China’s yuan strengthened against the US dollar on Monday to its firmest in more than four years, buoyed by better-than-expected third-quarter economic growth that eased pressure on policymakers to roll out more aggressive stimulus. The economy expanded 4.5% year-on-year in the third quarter, topping forecasts and reducing the urgency for Beijing to step up support to meet its annual growth target. Retail...