The Chinese yuan just had its best quarter in 12 years


The Chinese yuan is drawing attention as a haven from volatility after its best quarter in 12 years.

BEIJING (Bloomberg): The Chinese yuan is drawing attention as a haven from volatility after its best quarter in 12 years.

The onshore renminbi gained 3.8 per cent in the three-month period ending Sept 30, the most since early 2008, while its offshore counterpart advanced more than 4 per cent. That was more than Group-of-10 currencies including traditional refuges like the Swiss franc and Japanese yen.

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China , yuan , economy

   

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