China’s central bank has taken a series of steps to support the yuan including through its daily fixings and by making it expensive to short the currency in the forwards market. Photo: AP
China’s central bank has taken a series of steps to support the yuan including through its daily fixings and by making it expensive to short the currency in the forwards market. Photo: AP
Yuan

China’s yuan volatility ‘affordable’, but Beijing urged to be ‘more powerful’ than Japan

  • Swings in the yuan have not resulted in an economic shock or inflation, the market is still orderly and financial stability is intact, said former official Guan Tao
  • Yuan bounced back from a near 15-year low against the US dollar and into the black in late afternoon trade on Tuesday amid a broader US dollar sell-off

China’s central bank has taken a series of steps to support the yuan including through its daily fixings and by making it expensive to short the currency in the forwards market. Photo: AP
China’s central bank has taken a series of steps to support the yuan including through its daily fixings and by making it expensive to short the currency in the forwards market. Photo: AP
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