China Fixes Strong Yuan, Bets on Continued Weak‑Dollar Policies

China Fixes Strong Yuan, Bets on Continued Weak‑Dollar Policies

China Sets Strong Yuan, Bets on Weak DollarChina has fixed the yuan at its strongest level since 2023, betting on continued U.S. policy that keeps the dollar weak. According to Xinhua, the currency has stayed below the 7 yuan‑per‑dollar mark, strengthening to 6.9843 yuan per dollar on Monday. People’s Bank of China Sets Yuan Stronger as Dollar Weakens China has signaled it is ready […]

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