Yuan steady after dollar softens, awaits US CPI

SHANGHAI: China’s yuan held steady against the US dollar on Tuesday, supported by overnight losses in the greenback even as higher dollar deposit rates capped its gains, with markets awaiting US inflation data for clues on the policy outlook. A sharp drop in global oil prices and an improvement in risk appetite that lifted US technology stocks provided some support for the yuan. The spot yuan…

First reported by Business Recorder 58 min ago1 source

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Business Recorder06:5458 min ago
Yuan steady after dollar softens, awaits US CPI (opens Business Recorder in a new tab)
SHANGHAI: China’s yuan held steady against the US dollar on Tuesday, supported by overnight losses in the greenback even as higher dollar deposit rates capped its gains, with markets awaiting US inflation data for clues on the policy outlook. A sharp drop in…

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