SHANGHAI :
Onshore Yuan Strengthens to Five-Month High Against Dollar
Dou Shicong
DATE:  Jan 13 2020
/ SOURCE:  yicai
Onshore Yuan Strengthens to Five-Month High Against Dollar Onshore Yuan Strengthens to Five-Month High Against Dollar

(Yicai Global) Jan. 13 -- China's onshore yuan appreciated nearly 150 basis points this morning against the US dollar, reaching the highest level since Aug. 2, amid countdown to a phase one US-China trade deal and lackluster jobs data in the States.

By 10.50 a.m., the onshore yuan had become 159 bips firmer at 6.9035.

President Donald Trump and Vice Premier Liu He are expected to ink the deal this week, which has prompted the yuan to rise in value. 

Non-farm payrolls increased by 145,000 last month, which was lower than the expected 164,000, according to the US Department of Labor. That controlled the greenback's appreciation.

Editor: Emmi Laine 

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Keywords:   Onshore Yuan,US Dollar