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

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


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...

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