Category: AnalysisAfter
-
Analysis-After battle with yuan bears, China is now keen to avoid sharp currency gains By Reuters
•
SHANGHAI (Reuters) – After spending a year trying to put a floor under the slumping yuan, China’s central bank is suddenly facing the opposite problem and is resorting to underhanded means to prevent the currency from rising sharply. The Chinese yuan, which is usually pegged, rose 1.3% against the dollar…