China’s yuan gets stronger as regulators warn against specula…

Chinese regulators have signalled concerns about the rapid appreciation of the yuan, calling on traders to refrain from one-way bets on the exchange rate.The People’s Bank of China (PBOC) on Thursday said the exchange rate cannot be used as a tool to boost exports or offset the high price of commodities, while warning against speculation.The yuan has advanced by 1.6 per cent against the US dollar this month, with many analysts expecting it to strengthen further in coming months, fuelling…

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