China yuan hovers near 3-1/2-year peak ahead of US inflation data
SHANGHAI: China’s yuan hovered near a 3-1/2-year peak against the dollar on Tuesday, as investors awaited clearer signals from US economic data and the monetary policy outlook to gauge the direction of the Chinese currency. US inflation data due later this week could offer clues to how the Iran conflict has fanned price pressures, which could affect the Federal Reserve’s policy outlook after last…
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