PBOC’s Weaker Daily Fixing to Temper Yuan Gains, Analysts Say

PBOC’s Weaker Daily Fixing to Temper Yuan Gains, Analysts Say

China’s central bank set the yuan’s fixing at a weaker-than-expected level, a move that some analysts said may indicate a desire to slow the pace of gains after the currency climbed to a three-year high.

China’s central bank set the yuan’s fixing at a weaker-than-expected level, a move that some analysts said may indicate a desire to slow the pace of gains after the currency climbed to a three-year high.
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Bloomberg — Markets (EN)




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