Yuan firms as dollar retreats; PBOC rejects undervaluation claims
The yuan strengthened versus the US dollar as the greenback fell from an 18-month high, while China’s central bank rejected claims that the currency is undervalued amid EU trade talks.
The yuan strengthened against the US dollar on Friday as the greenback eased from an 18-month high, even as China's central bank rejected claims that the currency is undervalued during trade talks between Beijing and the European Union. The People's Bank of China on Thursday pushed back against foreign criti…