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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

Thu, Feb 27, 2020 - 5:50 AM

While the yuan sank when China's financial markets reopened after an extended holiday break in early February, the currency has stabilised in recent days.

PHOTO: REUTERS

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...

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