Yuan Rises Against Peers as PBOC Seen Propping Up Exchange Rate

  • China probably preventing drop past 6.7 a dollar, Natixis says
  • Level needs to be tested to gauge post G-20 policy: Mizuho

PBOC Seen Intervening in Yuan Before G-20 Gathering

The yuan advanced against a trade-weighted currency basket for the fifth day in a row, the longest run of gains in more than a month, on speculation China’s central bank is propping up the exchange rate before a Group of 20 meeting.

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