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PBOC Strengthens Yuan Fixing by Most Since January After Powell

BloombergMonday, August 25, 2025 at 3:28:25 AM
PBOC Strengthens Yuan Fixing by Most Since January After Powell
China has strengthened its yuan fixing significantly, marking the largest adjustment since January, following a decline in the dollar after comments from Federal Reserve Chair Jerome Powell at Jackson Hole.
Editor’s Note: This development is important as it reflects China's response to global economic conditions and the influence of U.S. monetary policy on its currency. A stronger yuan can impact trade and investment flows.
— Curated by the World Pulse Now AI Editorial System

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