China’s Yuan Rises to Highest Level Against Basket Since 2022

China’s yuan has strengthened to its highest level in nearly four years versus a basket of trading-partner currencies, underscoring the appeal of Chinese assets as a regional haven during the...

By Jacob Gu · Bloomberg Markets

China’s yuan has strengthened to its highest level in nearly four years versus a basket of trading-partner currencies, underscoring the appeal of Chinese assets as a regional haven during the Iran conflict.