Yuan with strong growth

Over the past week, the Chinese currency has strengthened against the dollar.
The phase of the rapid growth of the renminbi against the US currency was continued despite the pronounced technical overheating and the apparent tightness of this trend.
A new round of strengthening of the renminbi boosted by, including, favorable macroeconomic data for China. The GDP of China increased by 6.8% y/y in the fourth quarter, and by 6.9% in the whole 2017, which significantly exceeded the targets of the government of the country, suggesting about 6.5%. The growth rate of the Chinese economy accelerated for the first time in seven years, which did not remain without the attention of the investment community.
At this stage, the depth of the dollar's sagging relative to the yuan should already keep the investment community on the alert, since the fundamental picture of the US economy is indicative of further monetary tightening this year, and in such conditions the dollar is supposed to win the advantage.