PBOC governor Zhou Xiaochuan has hinted strongly China will accelerate with reforms of its exchange rate system, and move to relax capital controls. Photo: Bloomberg

Yuan surges after PBOC’s Zhou hints capital controls will loosen, currency reforms continue

Central bank governor Zhou Xiaochuan’s comments prompt 0.44pc gain to 6.5960 against the US dollar, the biggest rise since September 7

Topic |   Currencies

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PBOC governor Zhou Xiaochuan has hinted strongly China will accelerate with reforms of its exchange rate system, and move to relax capital controls. Photo: Bloomberg
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