• Yuan slips to new 16-month low even as PBOC extends support

    Source: Buzz FX / 10 Jan 2025 00:22:24   America/Chicago


    By Summer Zhen HONG KONG, Jan 10 (Reuters) - China's yuan initially firmed on Friday after the central bank said it would suspend treasury bond purchases, triggering a jump in bond yields, but later fell back to fresh 16-month lows.
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