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 edged up to a new 3-1/2-year high against the dollar on Thursday, supported by a much stronger central bank fixing and ongoing dollar weakness, partly driven by renewed gains in the Japanese yen. The yen FX_IDC:USDJPY held its gains after a sudden, brief surge in the prev…