Chinese Yuan Set to Snap Longest Weekly Rally Since 2012
The Chinese yuan is set to end a record 13-week winning streak as Middle East conflict strengthens the dollar. Policy changes also impacted currency demand.
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The Chinese yuan is set to conclude its longest weekly winning streak since 2012, as geopolitical instability in the Middle East strengthens the greenback. Although the currency edged higher on Friday, it remains on course to snap a record 13-week rally and post its most significant weekly decline in over a year.
