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PBOC Seeks to Temper Yuan Rally With Stable Daily Fix

China’s central bank signaled a preference for slower gains in the yuan, setting the daily fixing at a broadly stable level that is much weaker than expected, after the currency climbed to a three-year high.

PBOC Seeks to Temper Yuan Rally With Stable Daily Fix

China’s central bank signaled a preference for slower gains in the yuan, setting the daily fixing at a broadly stable level that is much weaker than expected, after the currency climbed to a three-year high.

Macro Bloomberg Jul 31, 2026

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