Caixin
Jan 10, 2019 08:04 PM
FINANCE

Yuan Jumps to 24-Week High on Trade Hopes, Dollar Weakness

The strengthening yuan broke through the key level of 6.8 per dollar for the first time since July, closing at 6.7825. Photo: VCG
The strengthening yuan broke through the key level of 6.8 per dollar for the first time since July, closing at 6.7825. Photo: VCG

* Yuan’s daily reference rate of 6.8160 per dollar is the strongest since Aug. 30

* Signs of progress in trade negotiations that finished Wednesday seem to have bolstered the currency

(Beijing) — The yuan rose to its highest level against the dollar since July 25 on Thursday, boosted by a weaker U.S. currency and optimism that talks to end the trade war between the world’s two largest economies are making progress.

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