China's yuan has hit a fresh 5 year high (trade weighted basket)

Author: Eamonn Sheridan | Category: Central Banks

The People's Bank of China CNY mid-rate was its strongest for a week against the USD

But against a basket of currencies representing China's largest trading partners the yuan is at a 5 year high:
  • 98.77, highest since March 15 2016 reports Reuters. 

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