China’s central bank held the line on its yuan for a fourth straight session on Wednesday while putting the squeeze on offshore sellers of the currency, dampening fears of a sustained depreciation – at least for now. Investors globally seemed to welcome the stabilization, bidding up equities and yuan proxies such as the Australian dollar while knocking back the safe-haven yen. The People’s Bank of China (PBOC) set the mid-point for the yuan at 6.5630 to the dollar (CNY=CFXS), virtually unchanged from firm fixes on the previous two days.