Yuan Hits Four-Year High as Strong GDP Eases Stimulus Pressure
China’s yuan strengthened against the US dollar to its firmest level in more than four years on Monday. Third-quarter economic growth of 4.5% year on year eased pressure for more aggressive stimulus.
China's yuan strengthened against the US dollar on Monday to its firmest in more than four years, buoyed by better-than-expected third-quarter economic growth that eased pressure on policymakers to roll out more aggressive stimulus.The economy expanded 4.5% year-on-year in the third quarter, toppin…