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Yuan edges up on strong midpoint fixing

Published Mon, Jan 29, 2018 · 09:50 PM
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Shanghai

CHINA'S yuan edged up slightly against the US dollar on Monday, following a much stronger midpoint fixing by the central bank.

The US dollar crawled up from lows on Monday but struggled to pull ahead from six straight weeks of losses, given its evaporating yield advantage and doubts about Washington's commitment to a strong currency.

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