Yuan at 3-1/2-year high as US inflation dims Fed rate hike prospects
SHANGHAI: China’s yuan firms to a 3-1/2-year high against the dollar on Thursday, as US inflation data weighed on the greenback and dimmed prospects for an imminent Federal Reserve rate hike. US consumer prices were in line with expectations, easing appreciation pressure on the dollar in the near term and lending the yuan a broadly steady to slightly firmer bias, market participants said. The…
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