LONDON (Reuters) -The dollar remained under pressure on Monday, falling to a three-year low versus the yuan as economic activity data showed that China’s recovery had slowed but remained on a strong footing.
FILE PHOTO: A U.S. Dollar banknote is seen in this illustration taken May 26, 2020.
REUTERS/Dado Ruvic/Illustration/File Photo/File PhotoThe Chinese economy has largely shaken off the gloom from the COVID-19 pandemic.
The offshore yuan changed hands at 6.3553 per dollar, its highest since May 2018, even if analysts pointed that Chinese authorities appeared to be keen to want to curb its rise.
The dollar edged 0.2% to 109.70 yen and stood not far from Friday’s peak of 110.20, its highest since early April.
Dado Ruvic, Ulrich Leuchtmann, ”, bitcoin
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