Global attention will focus on the yuan exchange rate this week, as China’s currency appears possibly on track to depreciate below the psychologically-important level of 7 per US dollar. Photo: AP

China’s yuan in spotlight amid key economic data releases this week

  • Market watching to see if PBOC defends key level of 7 yuan to the US dollar
  • If PMI data on Wednesday is weak, market could test PBOC’s resolve
Topic |   Yuan

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Global attention will focus on the yuan exchange rate this week, as China’s currency appears possibly on track to depreciate below the psychologically-important level of 7 per US dollar. Photo: AP
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.