The Traderszone Network

Published in TZ Latest News 10 January, 2016 by The TZ Newswire Staff

China guides yuan higher, stocks fall anyway

China guided its yuan currency stronger for a second straight session on Monday, in a move that might calm concerns about how ready Beijing is to let the currency depreciate, but added to doubts over the ultimate policy intent. Perceived mis-steps by China’s authorities have stoked concerns in global markets that Beijing might lose its grip on economic policy, even as the country looks set to post its slowest growth in 25 years.

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