China's currency has broken its traditional relationship with the U.S. dollar over the past few months, as a combination of surging exports and capital inflows have increased demand for the yuan, pushing its value higher even as the greenback itself strengthened.
Caixin
Breakup with dollar, PBOC warnings signal rocky road for yuan
Chinese central bank has been taking a more hands-off approach on forex
Analysts and market participants say China's strong export growth and rising capital inflows are behind the yuan's appreciation. © Reuters
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