Chinese yuan hits 3-1/2 year high on strong PBOC fixing

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Chinese yuan hits 3-1/2 year high on strong PBOC fixing

AI Summary

The Chinese yuan reached a 3.5-year high driven by strong fixing from the People's Bank of China (PBOC), reflecting robust currency policy and market confidence. This marks a significant strengthening of the yuan against major currencies.

World Markets Chinese yuan currency PBOC exchange rate currency fixing China foreign exchange

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