Yuan's Calm Faces Test With Dollar Rally as Fed Rate Bets Surge
- PBOC seen allowing bigger moves in currency after NPC meeting
- China to focus more on attracting bond inflows, AXA says
Is March Fed Rate Hike Locked, Live and 100 Percent?
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The yuan’s calm is about to be put to the test.
After a six-week stretch of muted moves that pushed a volatility gauge to a three-month low, the currency is facing the twin pressures of a Federal Reserve interest-rate increase and the possibility of China’s central bank allowing bigger swings once a key legislative meeting ends mid-March.