China’s central bank is adjusting the mechanism for setting the currency’s daily fix to smooth out fluctuations against the dollar, an acknowledgment that the country is hitching the yuan’s value closer to the U.S. currency.
WSJ.com: What's News Asia, Wall Street Journal: What's News Asia
Fri, 05/26/2017 - 2:32pm
China’s central bank is adjusting the mechanism for setting the currency’s daily fix to smooth out fluctuations against the dollar, an acknowledgment that the country is hitching the yuan’s value closer to the U.S. currency.