Global Market: China’s yuan hits four-year high as strong GDP data ease stimulus concerns
· economictimes.indiatimes.com
Chinas yuan strengthened to a four-year high against the US dollar following stronger-than-expected third-quarter economic growth and improving retail sales. A weaker dollar and increased corporate currency conversions also supported gains. Investors now await Chinese policymakers signals on monetary policy, currency management and further economic stimulus measures.
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Strong economic data support yuan
Dollar weakness offers additional support
Investors await signals from Chinese policymakers
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