China Encourages FX Trading Reduction to Bolster Weakening Yuan
China Encourages FX Trading Reduction to Bolster Weakening Yuan China’s central bank, the People’s Bank of China (PBOC), has reportedly instructed several brokerage firms to reduce their proprietary trading in the foreign exchange market, signaling the authorities’ efforts to stabilize the weakening yuan. This move comes as the yuan faced significant pressure, having reached a […]