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(Bloomberg) -- The yuan rallied past the 7 per dollar milestone for the first time in 16 months as investors digested a raft of measures to support the Chinese economy and the recent Federal Reserve rate cut kept the dollar on the back-foot.
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>>> Read more: Yuan Strengthens Past 7 Per Dollar for First Time Since May 2023
Most Read from Bloomberg
Eric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property Taxes Waiting for the Miracle of Church-to-Housing Development Unlocking the Hidden Power of Zoning, for Good or Bad Exclusive Palo Alto Girls School Borrows $106 Million...
>>> Read more: Yuan Strengthens Past 7 Per Dollar for First Time Since May 2023
