China’s yuan surges to 17-month high on Joe Biden US presidential election hopes as Donald Trump loses ground

//China’s yuan surges to 17-month high on Joe Biden US presidential election hopes as Donald Trump loses ground

China’s yuan surges to 17-month high on Joe Biden US presidential election hopes as Donald Trump loses ground

China’s yuan trading outside the mainland surged to its highest level in 17 months on Tuesday after new polls showed challenger Joe Biden had increased his lead over US President Donald Trump in the race for the White House that is less than a month away. On Tuesday, the offshore yuan extended its rally to 6.7136 per US dollar in thin market flow conditions, rising in tandem with improving sentiment in global financial markets, with the Australian dollar and the Singapore dollar also gaining…

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By | 2020-10-06T12:30:12+00:00 October 6th, 2020|Business|Comments Off on China’s yuan surges to 17-month high on Joe Biden US presidential election hopes as Donald Trump loses ground