China yuan heads for third weekly gain on strong exports
Chinas yuan held steady and headed for a third consecutive weekly gain on Friday as robust exports supported the currency. The onshore rate reached its strongest level since January 2023. Investors now await upcoming Chinese GDP figures.
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Xurve View
China's yuan is on track for its third consecutive weekly advance, holding near 6.6907 against the United States dollar during Friday morning trade. Robust export figures continue to propel the currency despite persistent domestic economic headwinds and climbing global bond yields.
