China to Foil Speculators With More-Flexible Fixing Mechanism

China has been trying to limit the rise of the yuan this year that was largely brought about by a weaker dollar and China’s stabilizing economic growth prospects. The Chinese government appears more determined to contain the yuan’s recent strength. After the yuan jumped more than 2% against the dollar in the last two weeks alone and more than 7% this year, Lu Lei, Deputy …

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