Chinese media cites analysts, says expectations for yuan appreciation have abated

Author: Eamonn Sheridan | Category: News

Analyst opinion following along after price moves is not confined to Wall Street.

The past two days have seen the People's Bank of China set the reference rate for USD/CNY higher, i.e. lower for yuan.

China Securities Journal citing analyst saying now that expectations for yuan appreciation have abated

We'll see. 

USD/offshore yuan chart:
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