China’s yuan ends at new 26-month low in busy week for global cenbank meetings
However, the official guidance came in firmer than market projections, traders and analysts said, continuing a trend seen since late August that market participants interpret as a bid to slow the yuan’s slide.”The strong fixing bias could also be an attempt to offset the pressure from the net open market operation (OMO) injection on the yuan,” analysts at Maybank said in a note.
