Currency check: Asia-Pacific currencies strengthen sharply, led by the Chinese yuan
Both the onshore and offshore Chinese yuan strengthened against the dollar in Asia’s session ahead of a press conference on Covid measures.
The greenback lost 1.09% against the offshore yuan and 0.65% against the onshore yuan, with both trading around 7.16-levels. The offshore yuan traded near 7.24 per dollar before it strengthened sharply.
Chinese yuan strengthens:
![Chinese yuan strengthens](https://ussnsimg.moomoo.com/feed_image/103055095/11be1c796f3d3bef8506e78a0de14e86.png/bigmoo)
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