China’s central bank guided the yuan to its biggest one-day advance against the dollar in nearly three months on Thursday after U.S. President Donald Trump abandoned overnight a campaign pledge to name China a currency manipulator and said the dollar was too strong. The yuan’s move came as the dollar continued to slide against major currencies like the Japanese yen in Asian trading following its drop in U.S. hours after Mr. Trump, in an interview with The Wall Street Journal, signaled an end to the so-called “strong...

Source: Wall Street Journal April 13, 2017 06:22 UTC