Here Are the Theories Why China May Be Supercharging the Yuan
- Much speculation as to why Beijing has shifted its FX stance
- Moody’s cut, Fed, Trump: analysts cite a range of reasons
China Teaches Yuan Bears a Lesson
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China’s yuan has emerged from hibernation with an improbable surge that’s left strategists asking -- why?
After meandering in a stable range against the dollar for most of the year, the yuan’s break-out move -- which saw it jump to 2017 highs this week in both its on- and offshore markets -- came after officials said they were using a new method to set the fixing, a reference rate set each day that’s used to manage the currency versus its U.S. counterpart.