Yuan rises to 3-1/2-year high as yen strength weighs on dollar
China’s yuan inched higher to a fresh 3-1/2-year high versus the dollar, helped by a significantly stronger central bank fixing and persistent dollar weakness alongside renewed Japanese yen gains.
China's yuan inched higher to a fresh 3-1/2-year high against the dollar on Thursday, aided by a significantly stronger central bank fixing and persistent dollar weakness driven in part by renewed gains in the Japanese yen.The yen FX_IDC:USDJPY held its gains after a sudden, brief surge in the prev…