Offshore Yuan Rebounds From Five-Year Low on Intervention Bets

  • PBOC said to suspend some banks' cross-border yuan business
  • Onshore rate to weaken 3.1 percent by end-2016, survey shows

John Mack: PBOC's Yuan Restriction Makes a Lot of Sense

The offshore yuan traded in Hong Kong rebounded from a five-year low, spurring speculation that the central bank intervened to pare its discount to the rate in Shanghai.

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