China's Yuan Rebounds After Central Bank Guidance

China's currency, the yuan, got a boost after the central bank signaled it wants to keep it stable.

This is because the U.S. dollar is strong, and that can make other countries' money less valuable.

The central bank set a rate that was better than expected, which helped the yuan recover.

Meanwhile, factory activity in China is still shrinking.

The Hong Kong dollar also stayed close to its weaker limit against the U.S. dollar, despite efforts to keep it stable.