The People's Bank of China intends to further widen the yuan's trading band "in the near...
The People's Bank of China intends to further widen the yuan's trading band "in the near future," PBOC Vice Governor Yi Gang has told the IMF's Spring meeting. Yi's comments have been interpreted as an attempt to avert criticism of China ahead of a G-20 meeting today and tomorrow. The yuan has climbed 0.9% vs the dollar since the start of the year, adding to a 1% gain last year.
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