MORNING BID EUROPE-Beijing leaves market guessing on yuan
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The People’s Bank of China seems to like being enigmatic,
throwing the market a curve ball as it fixed the yuan weaker
against the dollar than many expected. Dealers had thought the
firmer fix on Tuesday meant Beijing was signalling it wanted the
yuan’s fall to slow, or even stop. Now, not so much.
throwing the market a curve ball as it fixed the yuan weaker
against the dollar than many expected. Dealers had thought the
firmer fix on Tuesday meant Beijing was signalling it wanted the
yuan’s fall to slow, or even stop. Now, not so much.
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