$USDCNY $USDCNH: Market Extra: What China’s central bank’s latest move means for the yuan

Date: Monday, August 6th, 2018

Stock(s) mentioned: ,

Source: MarketWatch (http://www.marketwatch.com)

Summary: The People’s Bank of China changed its currency risk reserve ratio on Friday, a move analysts interpret as Beijing’s displeasure over a sliding currency and proof that China isn’t weaponizing the yuan exchange rate.

Full article address: http://www.marketwatch.com/news/story.asp?guid=%7BCDB40088-998F-11E8-BCE0-32FEB11335A1%7D

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