China's Global Times take on why the yuan is surging against the US dollar

Author: Eamonn Sheridan | Category: News

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.

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