Yuan dips on wider daily trading band


  • Business Premium
  • Tuesday, 18 Mar 2014

SHANGHAI: China’s yuan has eased against the dollar after the central bank doubled the currency’s daily trading band as part of its commitment to let markets play a greater role in the economy.

Yet the currency moved in a relatively narrow range reflecting market views that the People’s Bank of China (PBoC) will seek to limit currency swings at a time when markets fret over China’s cooling growth and the quality of corporate debt.

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Business , Business , yuan , China , currency

   

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