Development

China’s Central Bank Signals Intention to Loosen Yuan’s Peg to Dollar

BEIJING—China’s central bank signaled its intention to change the way it manages the yuan’s value by potentially easing its loose peg to the U.S. dollar and instead letting it track the currencies of its broader trading partners.

http://www.wsj.com/articles/chinas-central-bank-signals-intention-to-loosen-yuans-peg-to-dollar-1449843879

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Categories: Development

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