Yuan Strengthens With Yellen Decision Not to Label China on FX

WATCH: U.S. Treasury Secretary Janet Yellen will decline to name China as a currency manipulator, according to people familiar with the matter. (Source: Bloomberg)
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The offshore yuan notched its first gain in four days on Monday after a report that U.S. Treasury Secretary Janet Yellen will refrainBloomberg Terminal from naming China a currency manipulator.