News Snapshot:
* China’s yuan surges to 16-month high on economic data * Australian dollar gains * U.S. dollar edges down * Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E LONDON, Sept 15 (Reuters) – The yuan jumped to its highest in 16 months versus the dollar on Tuesday after Chinese data pointed to an economic recovery after coronavirus-linked shutdowns, while the dollar dipped as risk appetite improved. China’s industrial output accelerated and retail sales grew for the first time this year, beating analysts’ forecasts. The yuan surged in both offshore and onshore trading. The offshore yuan hit a 16-month high of 6.7725...
