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KM Financial Solutions | Yuan hits 7-week top after PBOC sets midpoint at highest since 2015 devaluation
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Yuan hits 7-week top after PBOC sets midpoint at highest since 2015 devaluation

26 Mar Yuan hits 7-week top after PBOC sets midpoint at highest since 2015 devaluation

Posted at 05:15h in News by
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* Onshore yuan rises to 7-week high
* Offshore yuan surges to highest since Aug 2015
* Official fixing at highest since 2015 devaluation
* Strong fix and dollar weakness prompt yuan buying
* Worries over possible trade war ease

(Updates prices, adds quotes and table)
SHANGHAI, March 27 (Reuters) – China’s yuan extended its
gains against the U.S. dollar to a seven-week high on Tuesday
after the central bank set its official fixing at the strongest
level in more than 2 1/

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