China Signals Tolerance for Stronger Yuan Amid Market Gains
TL;DR
China's central bank set the yuan's daily fixing rate at its strongest in 15 months, amid offshore currency gains and US dollar weakness, with the yuan briefly surpassing the seven-per-US-dollar threshold, driven by seasonal factors and market expectations of US rate cuts.
- China sets yuan fixing rate at 15-month high amid offshore gains South China Morning Post
- Chinese State Media Warns Against Making One-Way Bets on Yuan Bloomberg.com
- China signals tolerance for stronger renminbi Financial Times
- China Vows to Prevent Yuan’s Exchange Rate From ‘Overshooting’ Yahoo Finance
- CICC: How to view the accelerated appreciation of the RMB exchange rate at the end of the year? 富途牛牛
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