China's yuan strengthened to its highest level in more than four years against the US dollar on Thursday, supported by broad weakness in the greenback as investors reassessed the US interest rate outlook amid renewed concerns over oil-driven inflation, Reuters reported.
The currency's gains came as markets looked ahead to a series of major central bank meetings next week, with the US Federal Reserve, Bank of Japan and European Central Bank widely expected to keep interest rates unchanged while maintaining a hawkish policy stance.
