Yuan Weakens as China Signals Support Fade

  Published 1 year ago

China's yuan slightly weakened against the dollar Wednesday as the central bank eased its fixing, signaling a potential end to one-way support. The dollar gained on positive US data and easing trade tensions, while the yuan remains up 1.0% this month.

  • PBOC easing fixing suggests slowing yuan appreciation.
  • The dollar strengthened due to US economic data.
  • Hong Kong dollar hit a 9-month low.

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