Yuan Strengthens to Three-Year High as Yen Gains Pressure Dollar

China's yuan strengthened to a three-and-a-half-year high against the US dollar on Thursday, September 3rd, due in part to a stronger central bank fixing and persistent dollar weakness. The Japanese yen maintained its gains from the previous session, applying pressure on the dollar ahead of the highly anticipated US jobs report.

The yuan's appreciation comes as the yen continues to rise, with its brief surge on Wednesday contributing to renewed dollar weakness. As a result, the dollar faces further challenges in maintaining its value against both currencies.