CHINA’s central bank set a stronger-than-expected fixing rate for the yuan against the US dollar, showing that they are not yet trying to offset the impact of the new Trump tariffs by weakening the currency, according to a commentary from China Economic Review. Given the two per cent fluctuation limit per day on yuan value imposed by the Peoples Bank of China (PBOC), the rate plays a key role in determining the overall exchange rate, CER said. ‘Keeping the rate relatively stable is another...
https://www.seanews.com.tr/chinas-measured-response-to-us-tariffs-provides-focus/202514/