About that weaker CNY setting from the PBOC … to encourage capital outflow? - ConsultFX

About that weaker CNY setting from the PBOC … to encourage capital outflow?

The People's Bank of China just set the onshore yuan weaker again today Just a heads up, they're gonna have to exercise a bit of care lest they put it into minds that the RMB is on a weaker course. If there is a policy in place to jeep devaluing the yuan it could set in