Offshore Yuan Declines on Bets PBOC Paused Market Intervention

Updated on
  • Central bank keeps fixing little changed for a fifth day
  • Hong Kong dollar drops most since 2003 on yuan concern

Making Sense of the Chinese Markets

The yuan traded overseas fell for the first time in six days on speculation a narrowing gap with the onshore rate dissuaded China’s central bank from stepping into the market to prop up the currency.

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