Yuan Rally Under Test After Banks Tweak Daily Reference Rate

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  • Bloomberg Markets and Finance published this video item, entitled “Yuan Rally Under Test After Banks Tweak Daily Reference Rate” – below is their description.

    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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