Last updated on October 22, 2020
Chinese yuan strengthened sharply against the US dollar to hit its strongest level since July 2018 on Wednesday, boosted by firmer fixing set by the central bank, softer greenback and recent data pointing to sustained recovery in the world's second largest economy.
The onshore yuan opened at 6.6699 per dollar and ended its domestic trading session at 6.6575, the strongest such close since July, 2018. Prior to market opening, the People's Bank of . . .
To continue reading, please subscribe. You will get
- THE WIRE - An Unrivalled Real-Time Platform providing up-to-the-minute updates of market-moving news and views utilising a network of journalists, traders, brokers, analysts, etc. We walk you through every trading day in China to make you stay in the know. Here are some screenshots of our wire updates.
- ORIGINAL, IN-DEPTH & DATA-DRIVEN reporting on major events about China's economy, policy and financial markets.
- DETAILS - Get access to important details that you won't find elsewhere.
- WEEKLY NEWSLETTER - Receive a summary of the week's top news—distilled into one email.
Grab the SPECIAL OFFER for Chinese Spring Festival!
Only $9.9 for your first month with us!
Already have an account? Sign In