China allows the biggest one-day jump in the yuan since July 2005 - perhaps a conciliatory...

|By:, SA News Editor

China allows the biggest one-day jump in the yuan since July 2005 - perhaps a conciliatory message to the U.S., where Congress is threatening to punish Beijing over the currency. Maybe this easing of concerns over a trade war is behind today's rally (also, China is buying bank shares).