China’s yuan climbs to fresh 4-year high ahead of key policy meetings

Global Market: China's yuan hits four-year high as dollar weakens ahead of policy meetings

The yuan of China has surged to a peak not seen in four years against the US dollar, driven by evolving market dynamics and currency evaluations. The People's Bank of China established this daily midpoint, marking its strongest position since early February. Experts predict that this upward trend in yuan value may persist, citing signs of dollar softness intertwined with local policy adjustments.

China’s yuan climbs to fresh 4-year high ahead of key policy meetings

SHANGHAI, Oct 26 (Reuters) - China's yuan climbed to a fresh four-year high against the dollar on Monday, extending its longest winning streak since May, as softer oil prices and US Treasury yields weighed on the greenback, ​ahead of key policy meeting...