Skip to content
Subscriber Only

China's Central Bank Is Embracing a Supercharged Yuan

Genuine bundles of Chinese one-hundred yuan banknotes are arranged for a photograph.

Genuine bundles of Chinese one-hundred yuan banknotes are arranged for a photograph.

Photographer: SeongJoon Cho/Bloomberg

Start your day with what's moving markets in Asia. Sign up here to receive our newsletter.

With the dollar languid in the absence of supportive rate-hike rhetoric from Jackson Hole, the People’s Bank of China set the strongest yuan fixing in a year on Monday, exceeding the average forecast of 18 traders and analysts surveyed by Bloomberg.