China's Central Bank Is Embracing a Supercharged Yuan
Genuine bundles of Chinese one-hundred yuan banknotes are arranged for a photograph.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
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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.