Yuan’s Volatility Slides to 10-Month Low as Currency Steadies

  • Weekly ETF inflows to China, Hong Kong surge by $605 million
  • IMF, PBOC researcher say exchange rate reflects fundamentals

A gauge of swings in China’s yuan fell to a 10-month low amid receding expectations of a central bank interest-rate cut, increased emerging-market inflows and bets policy makers will limit depreciation pressures.

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