China's Global Times take on why the yuan is surging against the US dollar
Its best not to pay any heed to those with religious political views but here is the GT FWIW:
- Chinese yuan's central parity exchange rate against US dollar rose 397 basis points to 6.7825 on Wednesday, the highest level since May 2019.
- The yuan is showing an appreciation trend as China's economy rises and the dollar is battered by coronavirus.
LOL. Tks guys.