Volatility in China’s currency rose as the yuan rebounded after week-long holidays and the central bank governor called for a more market-based foreign-exchange rate mechanism.
The yuan’s one-month implied volatility climbed 35 basis points to 5.78 percent, the highest since Jan. 19. The currency appreciated 0.6 percent, its biggest gain in a month, to 6.5838 per dollar at 5:11 p.m. in Shanghai, adding to Monday’s 0.4 percent advance, and following a 1 percent slump in September.
