Pushing against the tide
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Trivium Markets keeps you briefed on the latest developments in China markets policy.
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Beijing is committed to slowing the yuan’s decline.
On Tuesday, Bloomberg reported that China’s central bank (PBoC) set the USD/CNY central parity rate lower than expected for six consecutive days.
The deets: On Wednesday, the central parity was 6.8906, 177 pips lower than the average estimate from ...