January 14, 2020 / 1:43 AM / a month ago

China's yuan firms past 6.88/dlr as US drops manipulator label ahead of trade deal

SHANGHAI, Jan 14 (Reuters) - The yuan strengthened past 6.88 per dollar early on Tuesday after the U.S. Treasury Department dropped its designation of China as a currency manipulator, days before Beijing and Washington are to sign a partial trade deal.

The onshore yuan firmed to a high of 6.8760 per dollar, its strongest level since July 26, 2019.

The central bank set its fixing for the yuan’s daily trading band at its firmest level in more than five months on Tuesday. (Reporting by Andrew Galbraith; Editing by Kim Coghill)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below