Markets
Yuan ends domestic session at 17-mth high, set for best session since 2005
- If it retains all the gains at the late night close, it would have risen 1.27pc against the dollar on the day, marking the biggest one-day rise since July 2005.
SHANGHAI: China's onshore spot yuan finished the domestic session at a 17-month high of 6.7135 against the dollar and was set for its biggest one-day percentage gain since 2005.
If it retains all the gains at the late night close, it would have risen 1.27pc against the dollar on the day, marking the biggest one-day rise since July 2005, when China revalued its currency by 2.1pc and dropped a decade-old peg against the dollar.
Its offshore counterpart also followed the strengthening trend and traded at 6.7035 per dollar as of 0843 GMT.
Comments
Comments are closed.