China Signals Tolerance for Stronger Yuan Amid Market Gains
TL;DR Summary
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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