1. More Market-Driven.
- Author
-
Wang Jun
- Subjects
- *
RENMINBI , *FOREIGN exchange rates , *HARD currencies , *U.S. dollar - Abstract
The article discusses two-way fluctuation in China's Yuan currency. The Yuan's exchange rate has depreciated more than 6 percent since the new exchange rate reform in 2015. Other topics include announcement by the People's Bank of China (PBOC) to improve the quotation of the central parity of the yuan against the U.S. dollar, the market expectation of the yuan's exchange rate, and the exchange rate movements of major currencies.
- Published
- 2016