Yuan Rises to Three-Week High as Fed Refrains From Rate Signal

Updated on
  • Dollar index slips for third day, helping strengthen yuan
  • China “clearly wants” currency at 6.7 for now, HF’s Lee says

The yuan rose to a three-week high as the Federal Reserve refrained from signaling an imminent rate hike, adding to optimism the currency will halt declines as Chinese authorities show a preference for stability.

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