Friday, February 28, 2014

Yuan Extends Weakness, EUR Better Bid

The Chinese Yuan continues to be aggressively sold this Friday. The Yuan nearly hit the 1% weak limit of its trading band for the first time since July 2012. USDCNY rallied from 6.1244 to 10-month high of 6.1760 on speculations that PBoC may widen Yuan's trading band sooner than formerly



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