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UBS Global Wealth Management said the stars are lining up for further yuan gains in the short term, citing China's faster economic recovery from the coronavirus pandemic. The onshore yuan was around 6.6891 per dollar, nearly 4% stronger year to date.
Analyst views on yuan strength reflect expectations for Chinese import demand, but they are commentary without a new policy or trade cause.
cnbc.comEustance HuangOct 30, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
