PBOC Boosts Yuan Fixing After 12-Day Drop to Weakest Since 2008

Updated on
  • Reference rate has been stronger than analysts estimated
  • Investors should consider trimming bearish bets: BNP Paribas

Yuan Outlook: Expect More Volatility?

China’s central bank raised its yuan fixing for the first time in 13 days as the dollar’s ascent eased, reinforcing speculation that policy makers are prepared to step up measures to slow the currency’s declines.

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