Yuan Hits More Than Four-Year High, Set for Fourth Monthly Gain
China’s yuan strengthened against the US dollar to its strongest level in more than four years and was headed for a fourth straight monthly gain. Traders said exporters continued converting dollar holdings into yuan.
China's yuan firmed against the US dollar to its strongest level in more than four years on Friday and was headed for a fourth straight month of gains, as traders said exporters continued to convert dollar holdings into the local currency.The spot yuan FX_IDC:USDCNY opened at 6.6600 per dollar and…