Dollar 'hoarders' beware: CICC tips Rmb to hit 6.18
As China's currency hits its highest levels since 2015, analysts say it’s not about to end there. That's already leading to steep foreign exchange losses for some Chinese exporters.
China’s central bank on Monday morning set the renminbi’s reference rate at 6.3267 to the US dollar – its strongest level since November 2015.
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