China's Yuan Formula Baffles Analysts Who Can't Predict the Fix

Updated on
  • PBOC sets reference rate at any level it wants: Commerzbank
  • Falling reserves boost temptation to guide yuan with fixing

China's Choice: Devalued Yuan or Increased Stimulus

For a rate that China’s central bank says is largely determined by easy-to-track market prices, the yuan’s daily fixing is proving surprisingly hard for analysts to predict.

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