Yuan Gains as Regulator Voices Support, Denies Massive Outflows

Updated on
  • Pressure for yuan to weaken has basically ended: SAFE official
  • Banks sold net $127 billion of foriegn currency for clients

The yuan rose to a one-week high as China’s foreign-exchange regulator said depreciation pressure has almost disappeared and the dollar weakened before the Federal Reserve decides on a possible interest-rate increase.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.