Yuan Rallies on Hopes of China COVID-19 Policy Relief, Euro Surges

Yuan Rallies on Hopes of China COVID-19 Policy Relief, Euro Surges
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound, and Chinese 100 yuan banknotes are seen in this picture illustration on Jan. 21, 2016. Jason Lee/Illustration/Reuters
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The yuan jumped against the dollar on Tuesday amid hopes of a potential easing in the country’s strict pandemic restrictions following an unprecedented episode of unrest.

The euro rose ahead of inflation data due on Wednesday.