Yuan Hits Fresh Four-Year High Against Dollar
China's yuan reached its highest level against the dollar in more than four years, supported by broad overnight dollar weakness as investors reassessed the US interest-rate outlook amid renewed oil-driven inflation concerns.
China's yuan extended gains to reach its highest level in more than four years against the dollar on Thursday, underpinned by broad greenback weakness overnight, as investors re-assessed the US interest rate outlook amid renewed oil-driven inflation concerns.Attention is now turning to a series of…