Yuan Gains as Dollar Slips From 18-Month High
China's yuan edged higher against the dollar after the US currency fell from an 18-month peak. Fed officials cautioned about the chances of an interest-rate hike this month despite hotter-than-expected inflation data.
China’s yuan edged up against the dollar on Thursday, after the US currency retreated from an 18-month high. Federal Reserve officials warned of the possibility of an interest-rate hike this month, even as inflation data came in hotter than expected. In the spot market, the onshore yuan FX_IDC:USDCNY…