Move over dollar: Chinese yuan ends quarter with biggest gains in 12 years

The Chinese currency

The Chinese currency has started drawing investor attention as a safe haven asset from volatility after its best performance in more than a decade.

The onshore renminbi gained almost four percent in the three-month period ending September 30, the most since early 2008. Its offshore counterpart advanced by more than four percent. That exceeded traditional Group-of-10 currencies like the Swiss franc and the Japanese yen.

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