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The Economic Times

Business

Anupam Nagar

Global Market: Yuan heads for seventh straight quarterly gains as exporters boost dollar sales

United States China Beijing

China's yuan strengthened against the U.S. dollar on Wednesday and was on track for its seventh consecutive quarterly gain, supported by increased dollar selling by exporters and improved sentiment following stronger factory activity data, according to a report by Reuters.

The onshore yuan opened at 6.7050 per dollar and was last trading at 6.7047 as of 0221 GMT, up 18 pips from the previous session's close, Reuters reported.

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