Yuan Rises to One-Month High Versus Peers on PBOC Stability Bets

  • Gain shows PBOC aiming to prevent disorderly sales, OCBC says
  • China favors quiet drift lower versus peers: Deutsche Bank

China’s yuan climbed to a one-month high against a trade-weighted index amid speculation the central bank is trying to control any fresh outburst of volatility as the dollar rebounds.

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