Yuan firms as People's Bank of China pledges to stabilize currency
Yesterday, China's currency firmed against the dollar after the People's Bank of China offered more reassurances to markets worried by the currency's recent sharp falls. The Financial News, a publication backed by the PBOC, said on Wednesday: "Even if the yuan exchange market has a panic unilateral trend, there are abundant tools to calm the 'herd effect' and ensure the smooth operation of
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