PBOC signals intention to loosen Yuan’s peg to US dollar - DJ

FXStreet (Mumbai) - As per Dow Jones report, the People’s Bank of China (PBOC) has signaled its intentions to loosen the Yuan peg to the US dollar.

The news should not come as a surprise as the FX reforms are likely to continue before the CNY makes its way into the IMF’s SDR basket in October 2016.