"China's economic recovery and a slowdown in US fiscal expansion are boosting the yuan's value against the dollar," according to recent reports. The yuan has seen a 2.76% rise in value since the end of October, with the US Federal Reserve's decision to halt interest rate hikes, as well as increased seasonal demand and China's manufacturing investment, driving the increase. As a result, investors are being advised to purchase offshore yuan against the dollar in order to mitigate risk and hedge against currency fluctuations.
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