ALBAWABA- The Chinese yuan strengthened to its highest level against the US dollar in more than three years, underscoring shifting dynamics in global currency markets and Beijing’s broader push to expand the international role of the renminbi. The People’s Bank of China (PBOC) set the yuan’s daily midpoint fixing at 6.8487 per US dollar on May 7, 2026, marking the currency’s strongest official reference rate since April 2023. Both onshore ...