Yuan Strength Leaves Market Guessing at China's Line in the Sand

Chinese currency has risen beyond 6.5 against the dollar
Moves may include looser capital controls or weaker fixing

ANZ Banking Group Head of Asia Research Khoon Goh discusses the yen, yuan and currency markets.(Source: Bloomberg)

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By Bloomberg News

January 15, 2018 at 4:01 PM UTC

Updated on

January 16, 2018 at 1:53 AM UTC

This article is for subscribers only.

The strongest yuan in more than two years is prompting speculation about possible steps to cool its gains.

The currency rose to as high as 6.4138 per greenback on Monday, its strongest level since December 2015, before easing to 6.4440 as of 9:39 a.m. Tuesday. When the yuan rallied beyond 6.5 in September, policy makers made it easier to bet against the currency.