THE Chinese yuan gave up all its 2021 gains against the US dollar suggesting a sell-off in the face of a quicker economic rebound from the Covid crisis than expected ‘The PBOC [People’s Bank of China] will have tools to deal with any sharp depreciation, and it looks to be comfortable with the yuan...
https://www.seanews.com.tr/yuan-erases-2021-gains-against-dollar-as-central-bank-steps-aside/189481/