Rising yuan supports Chinese mineral prices

By William Clarke
Published: Monday, 09 November 2020

The yuan was trading at its highest level against the US dollar for more than two years on Monday November 9, boosted by hopes of an easing of tensions between China and the United States and consequent support for export prices.

The election last week of Joe Biden to be the next US president has brought hopes for a shift in policy, after a period of increasing tariffs driven by incumbent President Donald Trump’s aggressive trade policy.

The yuan also...

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