Dollar ditching keeps yuan steady

06.12.2023

China's yuan held steady against the U.S. dollar on Tuesday, as the sale of dollars by major state-owned banks outweighed Moody's decision to cut China's credit outlook.

The spot yuan opened at 7.1374 per dollar and closed the domestic session at 7.1420 per dollar, 15 pips firmer than the previous late session close.

The...