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China’s Currency Rallies on Trade Deal Optimism

2019年11月07日 20:13 来源于 财新网
Onshore yuan strengthens past 7 to the dollar, appreciating 2.9% against the greenback since Sept. 3
During trading on Tuesday, the currency broke through the 7-yuan-to-the-dollar mark for the first time since Aug. 5. Photo: IC Photo

The Chinese currency strengthened past the fundamentally unimportant, yet psychologically significant, mark of 7 yuan to the dollar this week as it continued its month-long rally on hopes of a trade truce between China and the U.S.

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