Yuan Holds Near 32-Month Highs
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The offshore yuan remains stable around 6.95 per dollar, close to 32-month highs, bolstered by China's efforts to enhance financial ties with Hong Kong. The People's Bank of China aims to strengthen Hong Kong's position as the main offshore yuan hub and improve liquidity for global investors. Upcoming local PMI figures will be monitored to assess China's economic health, while trade tensions rise as President Trump warns Canada of potential tariffs if it proceeds with a trade deal with China.
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