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SHANGHAI: China’s yuan inched higher to a fresh 14-month high against a broadly weaker dollar on Friday, but the central bank’s growing unease about recent rapid rises in the Chinese currency limited its gains.
The PBOC’s yuan’s midpoint fix at 7.0638 per dollar was the strongest since October 9, 2024, but 155 pips weaker than a Reuters estimate of 7.0483.
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