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المشهد العربي
Chinese yuan hits 2022 high
The Chinese yuan rose to its highest level since July 2022, as the People's Bank of China continued to support the currency by raising the reference exchange rate for the eighth consecutive session, in an effort to ease the pressures caused by global trade tensions. These tensions have criticized the yuan's decline, viewing it as an advantage for Chinese exports. The dollar declined against the yuan by 0.12%, reaching 6.6969 yuan, reflecting attempts to strengthen the currency's ability to face economic challenges.
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