New York (Reuters) – The dollar index held near three-week lows on Monday as optimism over the possibility of a COVID-19 relief bill was curbed by concern over the pandemic while China’s yuan fell after the People’s Bank of China (PBOC) changed its reserve requirements policy. FILE PHOTO: Chinese yuan […]
yuan
Leading banks still bullish on yuan case despite policymakers’ nudge
SHANGHAI (Reuters) – China’s move to cool a rising yuan stands little chance of stopping further gains, international banks say, as the strength of the world’s number two economy and a near-record yield advantage drive big and steady inflows. A China yuan note is seen in this illustration photo May […]