Yuan Rally Under Test After Banks Tweak Daily Reference Rate - THEMARKETTRENDZ

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Tuesday, 27 October 2020

Yuan Rally Under Test After Banks Tweak Daily Reference Rate



Oct.27 -- Some Chinese banks have stopped using the counter-cyclical factor. This is a key element used to calculate the yuan’s daily reference rate and that could test the currency’s recent strength. Bloomberg’s Tian Chen reports on “Bloomberg Daybreak: Asia.”
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