Sources
Caixin GlobalChina is shifting its stance on the yuan as markets bet the currency will strengthen, with the recent slide in the U.S. dollar continuing and the economic outlook improving. https://t.co/tvYOdpdQ90
CN Wire
🇨🇳#China Seeks to Slow Yuan’s Gains After Months of Propping It Up China's central bank has shifted from supporting the yuan to curbing its rapid appreciation amid the dollar's decline. The PBOC set weaker daily fixings and paused bill sales in Hong Kong to ease upward pressure. https://t.co/Rn5pBRKN9y
Global Times The Chinese yuan has continued to strengthen against the US dollar, with the exchange rate of both the onshore and offshore yuan surpassing the 7.17 level on Tuesday morning, the highest level in nearly six months, according to a report from the Securities Times on Tuesday. https://t.co/e71SsjvK95
