China's Central Bank Moves to Slow Renminbi's Advance
China's central bank, the PBoC, has made it cheaper for traders to bet on a weakening currency, signaling concerns about the rapid appreciation of the renminbi.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (38/100)Sources
China halts yuan rally, rates view drives other currencies in February - Reuters
China halts yuan rally, rates view drives other currencies in February Reuters
Read full article →China’s central bank moves to slow renminbi’s advance
PBoC makes it cheaper for traders to bet on weakening currency amid concerns about rapid appreciation
Read full article →As the yuan sizzles, China’s central bank deploys double-barrelled policy tweak
With China’s currency having steadily strengthened in recent months, the central bank has rolled out a pair of measures to lower foreign exchange hedging costs and support cross-border yuan financing. In a notice on Thursday, the People’s Bank of China refined the framework for domestic banks to conduct cross-border yuan interbank financing, explicitly endorsing their role in providing stable yuan liquidity to offshore markets through regulated channels. The move comes as Beijing has been...
By Sylvia Ma
Read full article →
