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China’s yuan has hit a fresh 5 year high (trade weighted basket)

Forex, video, latest July 22, 2021 10:01 am

a People’s Bank of China CNY mid-rate was its strongest for a week against a USD

But against a basket of currencies representing China’s largest trading partners a yuan is at a 5 year high:

  • 98.77, highest since March 15 2016 reports Reuters. 

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