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China’s yuan bounced off a near 15-year low against the dollar and into the black in late trade afternoon on Tuesday, amid a broader greenback selloff and as general investor sentiment improved.
The dollar eased in global trade against most of its major peers while sharp rebounds in both mainland and Hong Kong stocks bolstered appetite for the Chinese currency.
The onshore yuan reversed earlier losses in afternoon spot trade, surging to a high of 7.2577 before trading at 7.2751 as of 0633 GMT, up about 0.4 percent on the day.
