this post was submitted on 25 Dec 2025
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China’s offshore yuan breaks major benchmark as appreciation momentum builds (www.scmp.com)
submitted 1 month ago by rss@news.abolish.capital to c/china@news.abolish.capital
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China's offshore yuan strengthened further on Thursday, dipping below the benchmark rate of seven against the US dollar – another sign of the currency's continued appreciation after a brief breach of the same threshold on Wednesday evening. The recent fluctuations mark the currency’s first appreciation past the major psychological marker in 15 months, suggesting a change in market sentiment and providing more support for the global investors and economists who have argued the currency has been...

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