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Asia FX rallies
December 5th, 2022 - 04:44 GMT

Asia FX rallies on China reopening zeal

Most Asian currencies rose sharply on Monday as more Chinese cities relaxed some anti-COVID measures, while improving risk appetite and expectations of smaller rate hikes saw the dollar sink to an over five-month low. The yuan was the best performer for the day, rising 0.9% to 6.9628 - its strongest level against the dollar since mid-September. The offshore yuan also rose nearly 1%. Several Chinese cities relaxed movement curbs and ...
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