PBOC Seeks to Temper Yuan Rally With Stable Daily Fix
China’s central bank signaled a preference for slower gains in the yuan, setting the daily fixing at a broadly stable level that is much weaker than expected, after the currency climbed to a three-year high.
<p>China’s central bank signaled a preference for slower gains in the yuan, setting the daily fixing at a broadly stable level that is much weaker than expected, after the currency climbed to a three-year high.</p>