China yuan hits 3-1/2-year high as yen strength weighs on dollar


— Bloomberg

SHANGHAI: China's yuan inched higher to a fresh 3-1/2-year high against the dollar on Thursday, aided by a significantly stronger central bank fixing and persistent dollar weakness driven in part by renewed gains in the Japanese yen.

The yen held its gains after a sudden, brief surge in the previous session, keeping pressure on the dollar ahead of a crucial U.S. jobs report.

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