China’s offshore yuan hits strongest level in four years
China’s offshore yuan strengthened to its strongest level versus the dollar in four years amid expectations that this week’s US rate hike won’t end the yuan’s appreciation cycle.
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China’s offshore yuan strengthened to its strongest level versus the dollar in four years amid expectations that this week’s US rate hike won’t end the yuan’s appreciation cycle.
USDCNH strengthened to 6.6956 per dollar, the strongest level for China’s offshore yuan since July 2022.