PBOC s Easier Grip on Yuan May Stem From Trade-Weighted Strength bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
A resurgent US dollar is exasperating central bankers and governments around the world, forcing them into action to relieve the pressure on their own currencies.
(Bloomberg) China’s defense of its currency is heading toward a milestone moment that may trigger a more forceful response from authorities to punish short-sellers.Most Read from BloombergA Million Simulations, One Verdict for US Economy: Debt Danger AheadTrump Media’s Business Doesn’t MatterTrump Got His $175 Million Bond From a Billionaire Fan’s CompanyTesla’s Sales Miss by the Most Ever in Brutal Blow for EVsTSMC Halts Some Chipmaking as Taiwan Gauges Quake FalloutHaving weakened the yuan
(Bloomberg) China’s yuan pared losses seen Friday after the central bank signaled its support for the managed currency via a stronger-than-expected daily reference rate.Most Read from BloombergUS Homebuyers Expecting $10,000 Savings Face Tough RealityHarassment and Drugs Plagued a Citigroup Division for YearsFed’s Powell Ready to Support Job Market, Even If It Means Lingering InflationGucci’s China Shock Reverberates Across the Luxury LandscapeThe People’s Bank of China set the yuan’s fixing