Global Market: Yuan strengthens as dollar retreats; China pushes back against undervaluation claims
viaeconomictimes.indiatimes.com9 Oct
The Chinese yuan strengthened against the US dollar as the greenback retreated from an 18-month high. Beijing defended its currency policy amid European Union trade negotiations, rejecting undervaluation claims. Supported by strong exports and foreign capital inflows, the yuan has gained 4.4% this…
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