China’s Yuan Hits 14-Month High as US Dollar Weakens
On Monday, China’s yuan soared to a 14-month high against the US dollar, boosted by broad weakness in the greenback and increased seasonal corporate demand. Despite concerns about China’s economic slowdown and a weaker-than-expected official currency fix, the yuan continued to rise, hitting its strongest point since October 2024. The onshore yuan strengthened by 0.05%, […]