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The Economic Times

Business

Anupam Nagar

Global Market: China’s yuan firms as investors await US CPI data, assess inflation

Chinese Yuan Inflation United States China US Federal Reserve

China's yuan strengthened slightly against the dollar on Wednesday as investors assessed mixed domestic inflation data and awaited US consumer price figures that could influence expectations for the Federal Reserve's interest-rate path, according to Reuters.

The onshore yuan opened at 6.6935 per dollar and was trading at 6.6919 as of 0304 GMT, up 9 pips from the previous late-session close.

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