(Bloomberg) The yuan has had a fine run but the tide may be turning, even if the People’s Bank of China doesn’t stand in the way.The currency could find it harder to climb from here as seasonal dividend payments from Hong Kong-listed Chinese firms are set to swell. The yuan is also likely to come under pressure as the dollar gets a boost from growing chatter about a reduction in Federal Reserve stimulus.The debate on the yuan’s outlook has focused on the PBOC’s role after the authorities rais
China lets yuan rise steadily, placing strain on exporters kibristahaber.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kibristahaber.com Daily Mail and Mail on Sunday newspapers.
China Lets Yuan Rise Steadily, Pressuring Exporters
02/25/2021 | 10:16am EDT
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By Stella Yifan Xie HONG KONG China s currency has continued to climb in value this year on the back of a strong economic recovery, and Beijing doesn t appear to be in a hurry to weaken it despite the pressure it is putting on exporters. The yuan has risen more than 9% against the U.S. dollar since June on the back of an export boom and massive investment flows. The greenback has weakened against the backdrop of a feeble U.S. economy and low interest rates, and as investors have moved money into riskier assets around the world.