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News 2026-10-15 04:29 UTC

China's yuan gains as Fed rate caution knocks dollar from 18 — month high

SHANGHAI, Oct 15 (Reuters) — China's yuan inched higher against the dollar on Thursday after the US currency slipped from an 18-month peak as Federal Reserve officials cautioned about chances for a hike in interest rates this month, despite hotter-than-expected inflation data. In the spot market, the onshore yuan was 0