The People's Bank of China will allow the exchange rate to float by as much as 2 per cent up or down from a midpoint set by the central bank each day.

China doubles yuan trading range against the US dollar to 2 per cent

Currency will be allowed to move 2pc up or down in further liberalisation move

Topic |   Yuan

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The People's Bank of China will allow the exchange rate to float by as much as 2 per cent up or down from a midpoint set by the central bank each day.
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