A frenzy week for the Chinese yuan
Record high against the USD at 6.35; further appreciation is still expected in the short term
The offshore Chinese yuan (¥) or Renminbi (RMB) breached the 6.40 level, traded at an intraday high of 6.3960 against the Greenback (US Dollar or USD) on Tuesday 25 May 2021, a level strongest since June 2018. The level is considered as a…