The yuan has advanced by 1.6 per cent against the US dollar this month, with many analysts expecting it to strengthen further in coming months. Photo: Bloomberg
The yuan has advanced by 1.6 per cent against the US dollar this month, with many analysts expecting it to strengthen further in coming months. Photo: Bloomberg
Yuan

China’s yuan gets stronger as regulators warn against speculative bets on the currency

  • The People’s Bank of China says it will crack down on speculation in the foreign exchange market following recent gains by the yuan
  • The currency has advanced by 1.6 per cent against the US dollar since May, with many analysts expecting it to strengthen further

The yuan has advanced by 1.6 per cent against the US dollar this month, with many analysts expecting it to strengthen further in coming months. Photo: Bloomberg
The yuan has advanced by 1.6 per cent against the US dollar this month, with many analysts expecting it to strengthen further in coming months. Photo: Bloomberg
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