Yuan surges past 7.2 as hopes grow for US-China trade talks
Al Mayadeen English
4 min readThe yuan had faced depreciation pressure in early April, with the onshore rate sliding to a 17-year low and the offshore rate hitting a record 7.4290.
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A screen showing the foreign exchange rate between U.S. dollar and Chinese yuan is seen at a foreign exchange dealing room of Hana Bank in Seoul, South Korea, Wednesday, April 16, 2025. (AP)
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