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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