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China's yuan is opening the week with another jump, to its highest since June of 2018

Emily

Emily

Editor, Senior Moderator
https://www.forexlive.com/news/!/ch...mp-to-its-highest-since-june-of-2018-20201108
China's yuan is opening the week with another jump, to its highest since June of 2018
Sun 8 Nov 2020 20:59:33 GMTAuthor: Eamonn Sheridan | Category: News
Offshore yuan, CNH, up again vs. the USD in the early hours.
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https://qz.com/1928373/chinese-yuan-hits-28-month-high-due-to-hopes-of-biden-and-better-trade/
China’s yuan is pricing in a Biden victory
By Karen HoGlobal finance and economics reporter
November 5, 2020

The yuan-dollar exchange rate swung wildly in the wake of the US presidential election, but ended on a 28-month high for the Chinese currency as Democratic candidate Joe Biden appeared to inch closer to victory.
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Say it ain't so, Joe.
 
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