South China Morning Post (subscription) - 10 hours ago
The yuan hit a near one-month high against the US dollar in early trading on Friday. The onshore yuan reached 6.1955 against the greenback at 10:50 am, its strongest since April 24 and a gain of 13 basis points from Thursday's close.
U.S. CPI came out at up 0.1 percent and the core was up 0.3 percent, the largest gain since January 2013. Fed Chair Janet Yellen speaks later this afternoon and market chatter about next week's U.S. data is starting to make the rounds. On Tuesday U.S. ...
A recovering US dollar led the local currency lower on Thursday night and into the Friday trading session, but with the unit still trading comfortably above US80� analysts have been revising their forecasts higher.