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KM Financial Solutions | REFILE-China’s yuan jumps after firmer-than-expected official fix
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REFILE-China’s yuan jumps after firmer-than-expected official fix

09 Oct REFILE-China’s yuan jumps after firmer-than-expected official fix

Posted at 05:05h in News by
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(Removes extraneous words from advisory line)
SHANGHAI, Oct 10 (Reuters) – China’s onshore and offshore
yuan jumped against the U.S. dollar on Tuesday morning to their
strongest level in more than two weeks, breaching a key
psychological threshold, but gave back some gains at midday on
corporate bargain-hunting for dollars.
Market watchers said the sudden strengthening of the yuan
followed firmer-than-expected official guidance set by the
central bank, suggesting authorities are workin

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