Bloomberg: China’s Yuan Rate Rises for First Time Since Devaluation
The yuan halted a three-day slide after China’s central bank raised its reference rate for the first time since Tuesday’s devaluation and said it will intervene to prevent excessive swings. [Reposted from Bloomberg Business | August 13, 2015] The onshore spot rate rose 0.11 percent, strengthening in the final minutes of trading for the third…
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