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

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

 

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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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