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Yuan holds flat near four-year peak; central bank meetings awaited
HONG KONG: China’s yuan held steady near a four-year high on Tuesday as its central bank slowed the pace of appreciation with weaker guidance, while broader currency markets were little changed ahead of major central bank interest rate decisions. The yuan last traded largely flat at 6.6684 to the dollar, holding near the 2022 peak it hit in the previous session. The currency’s offshore counterpart traded at 6.6680 yuan per dollar, down about 0.01% in Asian trade. Prior to the market opening, the People’s Bank of China set the midpoint rate at 6.7171 per dollar, easing from the level it set on ...
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