PBOC’s Yuan Fix Is Losing Its Bite as Bearish Sentiment Mounts

China’s yuan is plumbing fresh lows for the year with the central bank’s favorite tool for guiding the managed currency quickly losing its effectiveness. #press

https://www.bloomberg.com/news/articles/2023-08-15/pboc-s-yuan-fix-is-losing-its-bite-as-bearish-sentiment-mounts?utm_source=press.coop