Offshore yuan gains on bets MSCI Index inclusion to spur inflows


The offshore yuan strengthened the most in more than two weeks as investors bet that China's stocks will be included in an emerging-market equities index. New York-based MSCI Inc will decide on Tuesday whether to add China's locally traded shares to its gauge, a decision that has the potential to move billions of dollars into mainland securities.

The yuan also rose as the greenback dropped Monday after a French official cited the US president as saying the dollar's strength could be a problem. Barack Obama later denied making.

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