China's yuan flat but further gains expected on strong exports
SHANGHAI: China’s yuan held steady on Monday, hovering near the strongest level in 3-1/2 years against a softening dollar, as traders look for clues on the Federal Reserve’s rate path and China’s economic health. Analysts say further gradual gains in the yuan is required to help Beijing avoid renewed trade friction as robust exports continue to widen China’s trade surplus. “Without such a move,…
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