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Yuan jumps to month high after China eases some COVID measures

November 11, 2022By Reuters

China’s yuan extended gains against the dollar on Friday afternoon, underpinned by the government’s decision to ease some strict COVID-19 prevention measures.

The yuan traded both onshore and offshore jumped following the decision. The onshore yuan CNY touched a high of 7.1020, the firmest since Oct. 10. Its offshore counterpart CNH also touched a more than one-month high of 7.1011.


(Reporting by Winni Zhou and Brenda Goh; Editing by Jacqueline Wong)

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