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The Economic Times

Business

Anupam Nagar

Global Market: China's yuan hits four-year high on export strength, weak dollar

Chinese Yuan China US Dollar Economic Growth

China's yuan traded in a narrow range on Wednesday after briefly strengthening to its highest level in more than four years, supported by robust export growth, resilient economic activity and a broadly weaker US dollar.

The onshore yuan touched 6.6765 per dollar in morning trade, its strongest level since June 28, 2022, before easing slightly to 6.6791 as of 0250 GMT.

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