The yuan benefited in the last few months from hopes of a Joe Biden win in the U.S. presidential election, as he is seen as less of a threat to U.S.-China relations.
LONDON: Asia's trade-exposed currencies held firm on Monday as data showed China's economic rebound from the pandemic accelerated in the third quarter, with the yuan staying close to its recent 1-1/2-year high.
China's gross domestic product grew 4.9% in July-September from a year earlier, slower than analysts' forecast but faster than the second quarter and helped by strong gains in industrial output and an acceleration in retail sales.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
