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Chinese yuan strengthens against dollar to hit strongest in more than three years

2021-12-08 2022-07-25

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Driven by stronger-than-expected exports and corporate dollar sales, Chinese yuan strengthens against the US dollar on Wednesday, with both onshore and offshore exchange rates touching their firmest levels in more than three-and-a-half years.

The People's Bank of China set the yuan's daily fixing at 6.3677 per dollar prior to market open on Wednesday, the strongest since June 1.

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