China’s Market News: PBOC: Dollar/Yuan Flexibility Will be Increased

China’s central bank released exchange rate targets for the second half of 2016. With the Yuan’s strength in the currency basket led by a dovish BOE, Yuan rates against the US Dollar may bear additional downward pressure.


from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/china_news/2016/08/04/Chinas-Market-News-PBOC-DollarYuan-Flexibility-Will-be-Increased.html?DFXfeeds=forex:fundamental:daily_briefing:daily_pieces:china_news