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: US Business, Wall Street Journal: Business
Fri, 05/26/2017 - 5:25am
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.