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China’s Central Bank Raises Yuan Fixing by Most Since July 2005

  • Greenback fell 1% on Thursday as BOJ decision lifted yen
  • Offshore yuan's reaction muted as stronger fixing expected
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Why the PBOC Strengthened Yuan Fixing

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China’s central bank responded to an overnight tumble in the dollar by strengthening its currency fixing the most since a peg was dismantled in July 2005.

QuickTake The People’s Currency