Macro Finance
Yuan Hits Four-Year High Versus Basket as PBOC Backs FX Policy
Bloomberg Markets·October 9, 2026·1 min read
The yuan rose to a four-year high against the trade-weighted basket as the People's Bank of China signalled support for its exchange-rate policy. The move came as the central bank kept its daily fixing steady, reinforcing its commitment to currency stability amid a stronger dollar and trade tensions.
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