PBOC said to have resumed use of counter-cyclical factor in yuan fixing mechanism - ConsultFX

PBOC said to have resumed use of counter-cyclical factor in yuan fixing mechanism

According to sources reported by both Bloomberg and Reuters hot issue moved to remove that ForexLive It's seen as a yuan-supportive measure and the removal at the start of the year . So, the re-introduction of the counter-cyclical measure will likely bring back some added support for the yuan in the near-term.