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Yuan reverses course, soars against dollar

Published by BusinessDay on Sun, 08 Jan 2017


HONG KONG ' A new wave of liquidity tightening by China's central bank sent the yuan surging to its highest level against the dollar since mid-November in offshore markets. The move in the yuan sent investors who had bet against it running for cover and boosted Beijing in its battle to defend the currency. In []The post Yuan reverses course, soars against dollar appeared first on BusinessDay : News you can trust.
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