The People’s Bank of China (PBoC) announced on Saturday it was doubling the interbank foreign exchange market trading band of RMB against the US dollar, to 1% from 0.5%. It is the largest band ...
A shock policy-driven fall in the onshore spot rate has ignited speculation that a widening of the exchange-rate band is on the cards, while others are unsure the 'two-way' volatility presages a ...
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