China's yuan proves resilient amid novel coronavirus epidemic
The currency is approaching its strongest level since August versus a basket of 24 exchange rates
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Hong Kong
CHINA'S currency is showing strength against peers, despite the country being most affected by the novel coronavirus epidemic.
The yuan is approaching its strongest level since August versus a basket of 24 exchange rates, according to data compiled by Bloomberg. Most Asian peers have slumped against the currency in the past five trading days, with the Korean won and Thai baht tumbling nearly 2 per cent.
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