Chinese yuan surges to 2-month high on trade progress


China’s yuan jumped to a two-month high against the dollar on Monday, boosted by signs of progress in Sino-US trade negotiations that raised hopes for an end to the long trade war. Both onshore and offshore yuan strengthened more than half a per cent in morning trade, a dramatic move for a currency that usually wavers in a wafer-thin range.

DailyTimes, 14 Oct, 2019

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