Wandering and weaving RMB revaluations

Tweaking the renminbi reference rate to maintain confidence for RMB international trade is the beginning of more interventions.
Wandering and weaving RMB revaluations
By Black Swan
Feb 16, 2015
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On February 3, the People’s Bank of China (PBoC) shifted the renminbi reference rate outside the trading band, forcing the currency to strengthen.

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