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Yuan Volatility Climbs With Spot After Strong Fix, Zhou Comments

Bloomberg business news

Deloitte Economist on the Yuan's Internationalization

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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.