China’s onshore yuan hits 15-month high, a whisker from 7-per-dollar mark
SHANGHAI, – China’s onshore yuan hit the strongest level in nearly 15 months on Thursday, approaching 7 per dollar, aided by exporters’ year-end rush to convert dollar holdings into the local currency and by expectations the greenback will weaken further next year. Although the yuan’s accelerating appreciation appears to have invited the central bank’s hand…