Friday’s move comes after the onshore yuan fell to a 16-year low against the greenback on Wednesday, trading at 7.2981.

The onshore yuan strengthened 0.1% against the greenback at 7.2836 on Friday, and the offshore yuan weakened marginally to 7.3057.

The onshore yuan is traded on the mainland and referred to as the CNY, while the offshore yuan — traded in markets like Hong Kong and Singapore — is referred to as the CNH.

By Admin

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