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Yuan inches higher, but set for first weekly loss in six

SHANGHAI, May 14 (Reuters) - China's yuan inched higher against the dollar on Friday, following a firmer official guidance rate, but the local unit looked set for the first weekly loss in six. The Chinese yuan took a breather after a volatile week, by strengthening to a near three-year high before giving back most of the gains, with traders attribu

China's yuan drifts as US inflation spike gives RMB bulls pause for thought

SHANGHAI, May 13 (Reuters) - China's yuan was little changed on Thursday, pausing after a sharp pull-back earlier in the week and hotter-than-expected U.S. inflation data which is prompting traders to reassess their bearish outlook for the dollar. Traders said strong foreign exchange demand by overseas-listed Chinese firms to make dividend payments

Yuan eases as FX demand for dividend payments kicks in

SHANGHAI, May 12 (Reuters) - The yuan eased on Wednesday as overseas-listed Chinese firms bought dollars to make dividend payments, but trade was cautious ahead of U.S. inflation data which has raised concerns in equity mrkets about earlier interest rate hikes. The dollar continued to hover near its lowest levels of the year, however, suggesting mo

China's yuan dips as inflation concerns hit risk appetite

SHANGHAI, May 11 (Reuters) - China's yuan weakened on Tuesday, pulling back from a nearly three-year high against the dollar a day earlier amid growing global concerns over inflation even as the central bank set firmer guidance. Global risk appetite took a hit overnight ahead of the release of U.S. inflation data as traders worried that rising pric

Yuan ends domestic session near 3-year high, market gauges c.bank tolerance

SHANGHAI, May 10 (Reuters) - China's yuan ended the domestic session at a near three-year high against the dollar on Monday, underpinned by broad dollar weakness, as investors assessed the implications for monetary policy of a disappointing U.S. employment report. The currency's strength is fuelling speculation the central bank may step in via stat


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