ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Forex

Yuan's slide slows as PBOC signals end to devaluation

SHANGHAI -- Expectations of further declines in the yuan waned Thursday as the central bank hinted it was done steering the currency lower.

     The People's Bank of China lowered its official guidance rate for a third straight morning, but Assistant Gov. Zhang Xiaohui told reporters that such moves, which she described as correcting the gap between the benchmark and market rates, had "basically ended."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more