BENGALURU: Most Asian currencies regained some of their footing on Tuesday, as signs Beijing is keen to stem the yuan's slide soothed markets unnerved by the Trump administration's labelling of China as a currency manipulator.
People's Bank of China's firmer-than-expected yuan fixing helped pull the currency from the lows it touched on Monday, but it still held beyond the 7-per-dollar level that it broke for the first time since the global financial crisis. The yuan was roughly flat on the day at 7.047 per dollar.
Already a subscriber? Log in.
Celebrate Merdeka with 50% Off!
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!