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China's Central Bank Boosts Yuan Support with Stronger Fixing Amid Depreciation Fears

2025-01-06

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China's Central Bank Boosts Yuan Support with Stronger Fixing Amid Depreciation Fears

In a move to stabilize the currency market, the People's Bank of China (PBOC) has reaffirmed its support for the yuan by setting a stronger-than-expected fixing, effectively bolstering the currency's value. This comes after a sudden drop in the yuan' ...undefined