China Spurs Biggest Yuan Rally Since 2005 as Zhou Voices Support
- PBOC strengthens reference rate by the most in three months
- Containing depreciation expectations a top priority: Mizuho
Yuan Rally Unlikely to Last: Panmure Gordon
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China’scentral bank handed investors a confidence booster, strengthening the yuan’s fixing by the most in three months and talking up the currency as markets reopened after the week-long Lunar New Year break.
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