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PBOC signals intention to loosen Yuan’s peg to US dollar - DJ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - As per Dow Jones report, the People’s Bank of China (PBOC) has signaled its intentions to loosen the Yuan peg to the US dollar.

    The news should not come as a surprise as the FX reforms are likely to continue before the CNY makes its way into the IMF’s SDR basket in October 2016.
    For more information, read our latest forex news.
     

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