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Yuan's Offshore Discount Widens as IMF Nod May Curb Intervention

  • IMF staff recommend yuan inclusion in reserves basket: Lagarde
  • PBOC to tolerate wider onshore, offshore gap after SDR: Mizuho

The offshore yuan’s discount to the onshore spot rate widened to the most this month amid speculation the People’s Bank of China will rein in intervention now that the currency is on the cusp of winning reserve status.

QuickTake The People’s Currency