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By Tian Chen

January 7, 2019 at 5:59 AM UTC

Updated on

January 7, 2019 at 10:03 AM UTC

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China’s yuan headed for its strongest level against the dollar in a month, unperturbed by the central bank’s monetary easing as the country’s economy slows.

The Chinese currency climbed as much as 0.4 percent, the most since Dec. 4, to 6.8436 per dollar, taking its advance since mid-December to almost 1 percent. The greenback, meanwhile, is on the decline against most currencies, falling to a more than two-month low Monday on signs the Federal Reserve may pause interest-rate increases.