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

Topic |   Yuan
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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