PBOC Weakens Yuan Fixing for Sixth Day

The transcript discusses the People's Bank of China's (PBOC) actions in the currency market, addressing criticisms and market speculations. It highlights the PBOC's strategy to control the Yuan's decline amidst a strengthening dollar, without targeting a specific long-term level. The discussion also covers the Yuan's performance in the SDR basket, noting its resilience compared to other currencies. The key takeaway is the PBOC's controlled approach to managing the Yuan's value as the dollar surges.

What is the PBOC's approach to managing currency levels according to the first section?

• Targeting a specific level

• Allowing uncontrolled declines

• Controlling declines without targeting specific levels

• Strengthening the Yuan at all costs

How did the PBOC respond to the dollar's strengthening during China's holiday?

• By slightly adjusting the fixing

• By maintaining a stable Yuan

• By significantly weakening the Yuan

• By ignoring the market changes

What recent action did the PBOC take regarding the onshore fixing?

• Weakened it by 0.24%

• Strengthened it by 0.5%

• Strengthened it by 1%

• Kept it unchanged

Since joining the SDR basket, how has the Yuan performed against the dollar?

• It has been the weakest currency

• It has strengthened the most

• It has been the best performing currency

• It has remained unchanged

What is the key takeaway about the PBOC's strategy as the dollar surges?

• The Yuan is strengthening rapidly

• The PBOC is not intervening at all

• The PBOC is allowing a controlled decline

• The Yuan is crashing