The Chinese currency was on a strong footing against the global dollar index, which fell more than 0.4% to 93.966, and hitting its lowest since late 2018 during Asia trading.
HONG KONG: The yuan jumped the most in almost two weeks on Monday, capitalising on a battered U.S. dollar, but the advance was checked by US-China tensions which escalated with the abrupt closures of consulates last week.
The onshore yuan firmed 0.24% to trade at 7.0005 per dollar just after midday, set for its strongest session since July 15. The offshore yuan also managed gains of 0.17%, to stand at 7.0025 per dollar, its best in a week.
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