Chinese Yuan Approaches 7 per Dollar Amid Dovish Fed and PBOC Support
TL;DR Summary
The Chinese renminbi has reached its strongest level against the US dollar since Donald Trump's election victory, indicating significant currency market movements.
- Chinese renminbi strongest against dollar since Trump’s election win Financial Times
- Hedge Funds Boost Options Bets for Yuan to Strengthen Past 7 Bloomberg.com
- Chinese Yuan Rises After PBOC Fixing The Wall Street Journal
- PBOC is expected to set the USD/CNY reference rate at 7.1281 – Reuters estimate TradingView
- China���s yuan could strengthen to 7 per US dollar as Fed sends dovish signals South China Morning Post
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