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China’s offshore yuan surges most against dollar in a year

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China’s offshore yuan surges most against dollar in a year

China’s offshore yuan surges most against dollar in a year*/

– China’s yuan climbed at its fastest pace against the greenback in a year in offshore trade Thursday, offering some relief to a currency bedeviled by capital outflow concerns recently.
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Offshore yuan posts biggest pct gain vs dollar in a year on Wed

Offshore yuan posts biggest pct gain vs dollar in a year on Wed*/

– UPDATE 1-China’s yuan soars against dollar as liquidity tightens offshore(Adds details, quotes) HONG KONG/SHANGHAI, Jan 5 China’s yuan soared against the U.S. dollar on Thursday following a sharp rise in the offshore spot rate as China worked to stem capital flows and stabilise the currency ahead of Donald Trump’s inauguration as U.S. president and the Lunar New Year.
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China’s yuan may see more volatility vs dollar after basket change

China's yuan may see more volatility vs dollar after basket change*/

– HONG KONG China’s yuan is likely to see more volatility against the U.S. dollar this year after its foreign exchange market operator changed the way it calculates a key yuan index by nearly doubling the number of foreign currencies in its basket.
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Asian currencies rise broadly vs dollar as offshore yuan surges – Business News

Asian currencies rise broadly vs dollar as offshore yuan surges - Business News*/

– SINGAPORE: Asian currencies surged on Thursday, with the offshore Chinese yuan jumping to its strongest level in nearly two months, as a spike in funding costs prompted yuan short sellers to square positions.The offshore yuan climbed to as high as 6.7850 per U.S. dollar, as of 0640 GMT, its strongest level since Nov. 9.China has stepped into both its onshore and offshore yuan markets to shore up the faltering yuan this week, sparking speculation that it wants a firm grip on the currency ahead of U.S. President-elect Donald Trump’s inauguration on Jan. 20.Market participants said the surge in the offshore yuan helped spur some scaling back of long U.S. dollar positions and short-covering in Asian currencies.
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