How will the Chinese Yuan perform now that PBOC resumed using the counter-cynical factor?
On August 24, the People's Bank of China (PBOC) resumed using a counter-cyclical factor in its Yuan midpoint-fixing mechanism, given that the value of the Renminbi has been declining for months now due to a stronger dollar and a volatile global trading climate.
Find out what our Chief Strategist, Jimmy Zhu, has to say about the Renminbi's movements with his LIVE interview on CGTN.