CX Daily: China’s Record Trade Surplus Spurs Reckoning for Yuan
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In Depth: China’s Record Trade Surplus Spurs Reckoning for Yuan
After years of trending weaker against the dollar, the yuan has been regaining its strength since last year. Since late April, the onshore yuan has appreciated nearly 4.4% against the dollar as of Monday, reversing a multiyear slide. As of the official close of trading that day, the yuan stood at just over 6.98 to the dollar.
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