Yuan rebound: An employee counts 100-yuan notes at a bank in Nantong in China’s eastern Jiangsu province. Yuan traders said investors are betting a Biden presidency could mean less uncertainty in US foreign and trade policy towards China.— AFP
SHANGHAI: The yuan rebounded against the dollar on Tuesday, after the Trump administration cleared the transition for US President-elect Joe Biden, with hopes of better relations between Beijing and Washington also underpinning a broad lift in sentiment.
Yuan traders said investors are betting a Biden presidency could mean less uncertainty in US foreign and trade policy towards China.
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