22 days ago • Posted by William Ramstein
The Chinese yuan continues appreciation, pushing 2018 levels
A three year high is worth noting as the central bank signaled it is comfortable with the recent rally. The currency gained as much as 0.3% against the dollar. So far this year the Yuan has accelerated 2% in onshore markets and investors expect more appreciation. Overall, a falling dollar, surge in demand for Chinese fixed income yields and the country's economic rebound from the pandemic has boosted the currency's appreciation.