The People’s Bank of China has been propping up the yuan since August to prevent rapid depreciation. Photo: AP
Volatility expected for Chinese yuan, as experts diverge on 2019 outlooks
- Traders and fund managers are predicting a year of volatility for the yuan, despite its strong start to 2019
- A sharp appreciation in the currency already appeared to be rapidly losing steam on Monday
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Yuan
The People’s Bank of China has been propping up the yuan since August to prevent rapid depreciation. Photo: AP