(Bloomberg) -- The yuan dropped the most in two weeks
on signs China is seeking to deter speculators betting on faster
gains since the central bank widened the trading band.
The currency fell as the central bank set a weaker daily
reference rate for yuan trading, after stronger fixings for the
previous six trading days. The central bank on May 18 widened the
daily limit on yuan fluctuations to 0.5 percent from 0.3 percent.
Read more at Bloomberg Currencies News
on signs China is seeking to deter speculators betting on faster
gains since the central bank widened the trading band.
The currency fell as the central bank set a weaker daily
reference rate for yuan trading, after stronger fixings for the
previous six trading days. The central bank on May 18 widened the
daily limit on yuan fluctuations to 0.5 percent from 0.3 percent.
Read more at Bloomberg Currencies News
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