BEIJING (China Daily/ANN): China's yuan climbed to a 16-month high on Wednesday (Sept 16) as the better-than-expected economic data reinforced the market's confidence in the country's recovery from the Covid-19 epidemic.
According to the China Foreign Exchange Trade System, the central parity rate of the renminbi strengthened by 397 basis points to 6.7825 against the US dollar on Wednesday, the largest intraday gain since April 8 and the highest level since May 9,2019.
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