Yuan heads for longest weekly winning streak since June
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China's yuan is on track for its fourth consecutive weekly gain, the longest streak since June, reaching a 14-month high. Analysts expect the yuan to test the 7.0 level in early 2026 due to factors like a dovish Fed and PBOC's policies. The PBOC set the midpoint rate at its strongest since September 2024, allowing some appreciation. U.S. inflation data showed less-than-expected rise, but analysts question its accuracy due to data collection issues.
Source: Reuters The copyright of this article belongs to the original author/organization.
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