Yuan ready for biggest weekly increase since June

Note: This section contains information in English only.
Source: Bloomberg
China's Yuan is facing the biggest weekly rise since June, after the overseas sales overshoot the expectations and promoted the record trade surplus. The exports grew 14.5% from the previous year in July. Imports by-turn dropped 1.6% to create the trade surplus of $47.3 billion. The Yuan appreciated 0.38% this week to trade at 6.1565 per dollar, whereas today the currency added 0.09%.

 

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