Global Market: Yuan heads for seventh straight quarterly gains as exporters boost dollar sales
China’s yuan strengthened against the dollar, heading for its seventh straight quarterly gain, supported by exporter dollar selling, stronger factory activity and a weaker U.S. currency. The yuan has gained 4.3% this year. Beijing’s latest measures to support infrastructure, technology and housing also improved investor sentiment and economic recovery expectations.
Key Takeaways
- China’s yuan strengthened against the dollar, heading for its seventh straight quarterly gain, supported by exporter dollar selling, stronger factory activity and a weaker U.S.
- The yuan has gained 4.3% this year.
- Beijing’s latest measures to support infrastructure, technology and housing also improved investor sentiment and economic recovery expectations.
China’s yuan strengthened against the dollar, heading for its seventh straight quarterly gain, supported by exporter dollar selling, stronger factory activity and a weaker U.S. currency. The yuan has gained 4.3% this year. Beijing’s latest measures to support infrastructure, technology and housing also improved investor sentiment and economic recovery expectations.
Original Publisher Attribution
This summary was curated from Economic Times.