PBOC Acts to Stabilize Yuan After Currency Underperforms
A man walks past signage at the lobby of the People’s Bank of China headquarters in Beijing, China. (Photographer: Qilai Shen/Bloomberg)

PBOC Acts to Stabilize Yuan After Currency Underperforms

(Bloomberg) -- China set its daily reference rate for the yuan at a stronger-than-expected level Thursday, with the central bank perhaps signaling efforts to support the currency following recent w...
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