RMB gains as greenback weakens

But fluctuations to remain amid slower global growth forecasts and trade tensions

The Chinese yuan, or renminbi, strengthened to a six-month high against the United States dollar on Thursday, as the US Federal Reserve expressed its patience on future rate increases, and the market awaited signals from ongoing Sino-US trade talks in Washington.

The People's Bank of China, the central bank, announced the renminbi's daily reference rate at 6.7025 per dollar on Thursday morning. It was the strongest level since July 19, 2018.