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 significance of the PBOC's actions in relation to market speculation?

Discuss the implications of the dollar strengthening during China's holiday.

How has the offshore Yuan reacted to the PBOC's recent decisions?

What does the performance of the Yuan against other currencies indicate about the PBOC's strategy?

In what ways is the PBOC controlling declines in the currency market?