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Analysis: Yuan bears throw in the towel, say it isn't worth fighting China's PBOC

Reuters  |  SINGAPORE 

By Vidya RanganathanSINGAPORE (Reuters) - A slew of Western investors and traders who placed bets in the past two years that China's yuan currency would drop because of a weaker Chinese economy, the threat of a debt crisis, and capital outflows, abandoned those positions in recent months.They have decided that - at least in the short term - they may well be on a loser if they try to fight the People's Bank of China, the nation's central bank, which has been taking a series of measures that appear aimed at keeping the currency stable.This is particularly the case ahead of an autumn congress of ...

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First Published: Tue, June 20 2017. 13:45 IST
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