Views Article – Sharenet Wealth

Asia, Forex

China sets yuan mid-point at strongest in six months

SHANGHAI/HONG KONG, Jan 20 (Reuters) – The People’s Bank of China set the onshore yuan mid-point guidance rate at its strongest level since July 19, 2019.

The Chinese currency climbed to six-month highs against the dollar last week amid signs of resilience in the economy and optimism over a newly signed U.S.-China Phase 1 trade agreement.

(Reporting by Winni Zhou and Noah Sin; Editing by Kim Coghill)

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