China Weakens Yuan Fixing for Fourth Session as Dollar Advances

🇨🇳 Bloomberg (CN) —

AI Summary

China's central bank has weakened the yuan's daily fixing rate for the fourth consecutive session, demonstrating increased flexibility amid the US dollar's strength in foreign exchange markets.

China’s central bank set the daily guidance rate for the yuan weaker for a fourth straight session, showing flexibility in the currency management to the US dollar’s advance.

World Politics Markets yuan weakening currency management China central bank US dollar forex market exchange rate

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