Economics
Offshore Yuan Rises to Seven-Month High After GDP Tops Estimates
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The yuan traded in Hong Kong rose to the strongest level in seven months after the nation posted forecast-beating economic growth for the third quarter.
The offshore yuan climbed 0.10 percent to 6.1281 per dollar as of 6:26 p.m. local time, according to data compiled by Bloomberg. It advanced to 6.1246 earlier, the strongest level since March 10. In Shanghai’s onshore market, the currency strengthened 0.03 percent to 6.1212, China Foreign Exchange Trade System prices show.