The onshore yuan firmed 0.24% in early trade to 6.8760 per dollar, its highest point since July 26, after the People's Bank of China (PBOC) set its fixing for the yuan's daily trading band at its strongest level in more than five months on Tuesday.
SHANGHAI/HONG KONG: The yuan rose to its strongest level since July on Tuesday morning after the U.S. Treasury Department dropped its designation of China as a currency manipulator, days before Beijing and Washington are set to sign a partial trade deal.
The onshore yuan firmed 0.24% in early trade to 6.8760 per dollar, its highest point since July 26, after the People's Bank of China (PBOC) set its fixing for the yuan's daily trading band at its strongest level in more than five months on Tuesday.
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