Tuesday, 22 May 2012 10:30
SHANGHAI: The yuan edged higher against the dollar on Tuesday as a firm euro kept banks and their clients cutting some of their yuan short positions, traders said.
But as a reflection of continued jitters over a general rally in the dollar index so far this month, traders said dollar demand on the Chinese market remained firm, preventing the yuan from rising sharply.
The Chinese currency is expected to trade in a narrow range in the near ...