The weekly average of the gap between the People’s Bank of China’s (PBOC) daily yuan reference rate and market estimates widened to 68 basis points. Photo: EPA-EFE
The weekly average of the gap between the People’s Bank of China’s (PBOC) daily yuan reference rate and market estimates widened to 68 basis points. Photo: EPA-EFE
Yuan

China’s yuan strength becoming ‘increasingly uncomfortable’ for Beijing amid economic slowdown

  • The weekly average of the gap between the People’s Bank of China’s (PBOC) daily yuan reference rate and market estimates widened to 68 basis points
  • This was the highest on record since Bloomberg started the survey with analysts and traders in 2018

The weekly average of the gap between the People’s Bank of China’s (PBOC) daily yuan reference rate and market estimates widened to 68 basis points. Photo: EPA-EFE
The weekly average of the gap between the People’s Bank of China’s (PBOC) daily yuan reference rate and market estimates widened to 68 basis points. Photo: EPA-EFE
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