PBOC's Yuan Flip-Flop Sows Confusion Among Traders
PBOC’s Yuan Flip-Flop Sows Confusion Among Traders By John Liu and Zheng Wu, Bloomberg Markets Live reporters and analysts 1. The use of a familiar tool to stabilize the yuan sowed confusion and touched off a debate among investors. The People’s Bank of China stepped in to halt a drop in the currency last week by strengthening the fixing, […]
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