Reported 1 day ago
The People's Bank of China (PBOC) is easing its support for the yuan amid growing skepticism about US exceptionalism, with the currency reaching a four-month high. The gap between the PBOC's reference rate and estimates has narrowed, signaling reduced official backing. While analysts suggest the PBOC will maintain some level of currency support due to uncertainties surrounding US tariffs and economic policy, the pressure for yuan depreciation is lessening as the dollar weakens.
Source: YAHOO