Global Currency Dynamics Impact Yuan and Dollar
Yuan's Recent Performance: On Monday, the Chinese yuan experienced its sharpest gain in two weeks, escalating to as much as 7.1314 against the US dollar during afternoon trading. The yuan's rise was largely due to a wave of broad dollar selling as investors speculated on potential US interest rate cuts. Consequently, the yuan firmed by about 0.4% to 7.1363, marking its largest single-day rise since early August.
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