Chinese Yuan rallied due to the hopes of economic recovery
The Chinese yuan held on to its big gains on Wednesday. The currency traded at 6.7835 per dollar after soaring as high as 6.7663 on Tuesday. Better-than-expected economic data boosted traders’ optimism, further assuring them that the country is leading the global recovery from the pandemic. On the other hand, the Australian dollar declined by …
Chinese Yuan rallied due to the hopes of economic recovery Read More »