China Sends Warning Signal to Yuan Bears Before G20 Meeting

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China Sends Warning Signal to Yuan Bears Before G20 MeetingThe People’s Bank of China set its daily reference rate for the currency at higher than market watchers expected for a 10th straight day on Wednesday, the longest run since September. The strong bias on Tuesday was the largest since Bloomberg began releasing fixing forecasts in August 2017. The central banks also announced plans to sell bonds in Hong Kong in June -- which would support the offshore rate.


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