China’s yuan rally fuels central bank debate on using currency appreciation to fight commodity price surge

Source: South China Morning PostThe rally in China’s yuan in the past month has fuelled a public debate among central bank officials on whether China should tolerate greater appreciation of the yuan to help combat surging commodity prices and imported inflation.After slipping against the US dollar for the previous four months, the yuan began to rebound in April. On Wednesday, it was changing hands at around 6.40 per dollar after briefly surpassing that level on Tuesday for the first time since June 2018. A lower US dollar…Read More

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