China's yuan drifts as US inflation spike gives RMB bulls pause for thought
alphanewsstream
2021-05-13 05:45
China's yuan drifts as US inflation spike gives RMB bulls pause for thought
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 ...

https://www.reuters.com/article/china-yuan-midday/chinas-yuan-drifts-as-us-inflation-spike-gives-rmb-bulls-pause-for-thought-idUSL1N2N0077

#Reuters
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