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The yuan rebounded today. There were signs that Democratic candidate Joe Biden had a better chance of winning the US presidential election. What Makes Investors Waiting The trade dispute between China and the United States will be resolved.
Trading in the spot-on-shore market today The yuan opened at 6.6400 yuan per dollar. And it rebounded at noon, reaching 6.6381 yuan per dollar. What is the highest level since July 10, 2018
Most investors hope Biden’s victory will benefit the payback coin. Because Biden is less likely to wage a protracted trade war with China in the past two years. Concerns about the trade war have put pressure on the return of the Chinese currency.
Biden’s victory in Michigan and Wisconsin, where Trump won the 2016 election, raised Biden’s electoral vote to 264. President Trump, who had 214 votes, with Biden needed only six more. He will get more than half or 270 of the 538 votes to win the election.