China’s central bank moves to slow renminbi’s advance
PBoC makes it cheaper for traders to bet on weakening currency amid concerns about rapid appreciation
Related reading
China signals tolerance for stronger renminbi
Central bank fixes currency at highest level against dollar in 15 months
Why China needs to let the renminbi rise
A steady appreciation would boost domestic consumption and improve trade relations
EU companies say ‘undervalued’ renminbi aiding China’s exporters
Chamber of commerce warns that fall of tightly managed Chinese currency risks prompting trade retaliation
Why China’s renminbi push matters even if it never rivals the dollar
If renminbi settlement becomes cheaper and more trade migrates, firms will have less need to generate or hold US currency
China needs to take a long-term view and let the renminbi rise
Appreciation would suit Beijing’s global ambitions for the currency
China’s central bank chief expects new currency order to challenge dollar
Pan Gongsheng points to a growing role for the renminbi after decades of dominance by the US currency