Yuan jumps to month high after China eases some COVID measures

This advertisement has not loaded yet, but your article continues below. Author of the article: Article content SHANGHAI — China’s yuan extended gains against the dollar on Friday afternoon, underpinned by the government’s decision to ease some strict COVID-19 prevention measures. The yuan traded both onshore and offshore jumped following the decision. The onshore yuan…
Yuan jumps to month high after China eases some COVID measures

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SHANGHAI — China’s yuan extended gains against the dollar on Friday afternoon, underpinned by the government’s decision to ease some strict COVID-19 prevention measures.

The yuan traded both onshore and offshore jumped following the decision. The onshore yuan touched a high of 7.1020, the firmest since Oct. 10. Its offshore counterpart also touched a more than one-month high of 7.1011. (Reporting by Winni Zhou and Brenda Goh; Editing by Jacqueline Wong)

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