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China's yuan poised to strengthen for a third week in a row on strong exports
SHANGHAI: China’s yuan held steady against the dollar on Friday and was poised to strengthen for a third week as robust exports buoy the Chinese currency despite wobbly growth in the domestic economy and rising yields globally. Signaling Beijing’s resistance to rapid yuan appreciation, China’s central bank governor said on Thursday that global imbalances cannot be resolved through exchange rate adjustments alone. On Friday, the onshore yuan changed hands at 6.6907 in late-morning trade, barely changed from Thursday’s close. It earlier reached 6.6897 per dollar, the strongest level since Januar...
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