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Offshore yuan nears 2022 high as it rises 95 pips

The offshore yuan (CNH) strengthened to 6.7080 per dollar at the New York close on Friday, up 95 pips from Thursday, approaching its 2022 high of 6.6862. The currency traded in a range of 6.7186-6.7052, near levels last seen in early 2023. For the week, CNH gained 0.34%.

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