China May Widen Yuan Trading Band Within 72 Hours: UBS
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China will probably widen the yuan’s trading band within the next three days after central bank Deputy Governor Yi Gang signaled policy makers will loosen control over the currency, according to UBS AG.
China may expand the range that the yuan is allowed to trade within during the Group of 20 nations meetings in Washington this week, UBS analysts Manik Narain and Geoffrey Yu wrote in a note.