Yuan Poised for Third Weekly Gain as Strong Exports Support Currency
The yuan held steady against the dollar Friday and was poised to strengthen for a third week, supported by robust exports despite weak domestic growth and rising global yields.
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03:42:49 AM UTC
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China's yuan poised to strengthen for a third week in a row on strong exports
China's yuan held steady against the dollar on Friday and was poised to strengthen for a third week as robust exports buoy the Chinese currency despite wobbly growth in the domestic economy and rising yields globally.Signaling Beijing’s resistance to rapid yuan appreciation, China's central bank go…