Yuan rise probably, hopefully not political

Steel prices have rebounded and as of August and home prices ticked higher after initial weakness, so the strength in the yuan looks like a rebound. It may be politically induced for economic reasons, but I don't think it is politically motivated. Also, I hope it isn't politically motivated, because it would be sending the yuan in the wrong direction at exactly the wrong time.
China's yuan hits record high amid US pressure
China's currency hit a record high against the US dollar on Friday, in what analysts said could be a response to US political pressure over claims the yuan is vastly undervalued.

The upcoming US presidential election and expectations the US government will soon release its semiannual report on exchange rate policies could have prompted Beijing to guide the yuan higher, analysts said.

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