You are here

Yuan jumps to 2-year high, Bundesbank adds renminbi to its reserves

BT_20180116_SMYUAN16_3264192.jpg
Traders attributed the gains in the Chinese currency on Monday to dollar selling in domestic markets as the euro soared.

Shanghai

CHINA'S yuan leapt to its highest in more than two years against the US dollar on Monday, after a Bundesbank board member said the German central bank had decided to include the Chinese currency in its reserves and corporates offloaded their dollar holdings.

Both onshore

sentifi.com

Market voices on:

Powered by GET.comGetCom