Buoyed by a post-pandemic return to work — and the increasing confidence of investors that Joe Biden may win the U.S. election — China’s renminbi rose by as much as 1.2 percent on Friday, the largest jump in four and a half years.

A potential Biden administration, which is also gaining the confidence of U.S. markets, would be expected to be less antagonistic toward China. Meanwhile, key economic sectors are rebounding within the country, including holiday travel, which this past week rose to 80 percent of last year's pre-pandemic level.

Sources: FT,Reuters, Bloomberg