China’s yuan remained stable against the dollar, heading for a third consecutive weekly gain on resilient exports. The currency reached its strongest level since January 2023, despite domestic economic concerns and rising global bond yields. Investors await China’s third-quarter GDP data and signals on US monetary policy direction.
China’s yuan remained stable against the dollar, heading for a third consecutive weekly gain on resilient exports. The currency reached its strongest level since January 2023, despite domestic economic concerns and rising global bond yields. Investors await China’s third-quarter GDP data and signals on US monetary policy direction.
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