The yuan has gained around 7 per cent against the US dollar in the past six months, stoking debate over whether authorities should intervene to slow the rally, although officially, the People’s Bank of China (PBOC) has stopped directly intervening in the exchange rate, instead leaving it to the market. Photo: EPA-EFE
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October 23, 2020 at 05:01PM
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China sees currency rise as ‘relatively moderate’ against US dollar - South China Morning Post
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