Yuan up 6.5% vs dollar in 2020, set for first annual gain in three yrs
SHANGHAI, Dec 31 (Reuters) - China’s onshore spot yuan finished its domestic trading session at 6.5398 per dollar on Thursday, strengthening 6.5% against the greenback this year.
If the spot price finishes the late-night session at the domestic closing level, it will book its first annual gain in three years thanks to a weaker dollar, a widening yield gap between China and the United States, and China’s coronavirus containment efforts. (Reporting by Shanghai and Beijing Newsroom; Editing by Hugh Lawson)
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