Offshore Yuan Gains as PBOC Raises Fixing First Time in 11 Days

Updated on
  • China won't allow excessive declines, Credit Suisse says
  • ANZ cites weak fundamentals to predict further drops

The offshore yuan climbed for a second day, after the central bank raised its fixing for the onshore currency for the first time in two weeks amid speculation China will stamp out one-way depreciation bets.

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