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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: Yuan holds near four-year high as China tempers appreciation pace

China’s yuan held steady near a four-year high against the US dollar on Tuesday as the central bank moderated its daily currency guidance, while broader foreign exchange markets remained subdued ahead of key interest rate decisions in the United States, Europe and Japan.

The onshore yuan was largely flat at 6.6684 per dollar, staying close to the strongest level it reached since 2022 in the previous session. The offshore yuan traded at 6.6680 per dollar, down around 0.01% during Asian trading.

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