PBOC moves early to curb rapid yuan decline – China Press PBOC CentralBanks USDCNY InterestRate
“Speculators have also increased bets on a declining yuan, adding to bearish sentiment.”
“The onshore and offshore yuan quickly rebounded by about 200 basis points following the PBOC's move, as some overseas investors reduced indiscriminate short selling.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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