Traders say the PBOC looks to be allowing another leg of yuan appreciation, as the currency...

|By:, SA News Editor

Traders say the PBOC looks to be allowing another leg of yuan appreciation, as the currency rises to an all-time high of 6.3795 to the dollar. The PBOC has been following a "2 steps up, 1 step down" pattern to try and avoid speculation on one-way moves. The yuan +3.27% vs. the greenback YTD.