China's yuan held steady against the US dollar on Friday and was on track for a third consecutive weekly gain, supported by resilient exports despite concerns over domestic economic growth and rising global bond yields, according to a report by Reuters.
The onshore yuan was trading at 6.6907 per dollar in late-morning trade, little changed from Thursday's close. It earlier strengthened to 6.6897, its strongest level since January 2023, the report stated.