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Yuan Strengthens to 7.30061 Against U.S. Dollar Amid Global FX Shifts
Yuan Strengthens to 7.30061 Against U.S. Dollar Amid Global FX Shifts
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The Chinese yuan strengthened notably against the U.S. dollar, reaching 7.30061 in Monday’s central parity rate as reported by China’s Foreign Exchange Trade System. This movement reflects broader volatility in global currency markets, compounded by accelerating de-dollarization efforts among major economies.
Market analysts attribute the shift to heightened geopolitical risks and evolving trade dynamics. The yuan’s resilience contrasts with the dollar’s recent fluctuations, underscoring China’s growing influence in global financial markets.
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