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Yuan rebounds to 1-1/2 week high, helped by Trump's milder than feared response on HK

Jun 01, 2020 - Nasdaq

SHANGHAI, June 1 (Reuters) - The yuan rebounded on Monday, jumping to its highest in a week-and-a-half against the dollar, to reflect a broadly weaker greenback signs of easing in Sino-U.S. tensions. Prior to market opening, the People's Bank of China (PBOC) set the midpoint rate CNY=PBOC at 7.1315 per dollar, 1 pip firmer than the previous fix of 7.1316. The midpoint came in again firmer than market expectations, as it has for the past week, traders said. In the spot market, onshore yuan CNY=...