Press "Enter" to skip to content

Chinese yuan’s rally prompts authorities to warn on one-way bets on the currency

Last updated on May 29, 2021

The Chinese yuan extended gains against the US dollar on Friday but the pace of the rally slowed after authorities signaled some concerns over strong one-way bets on the currency.

The yuan has risen this year against all but six of the 31 major currencies. The yen is almost 8 per cent weaker versus China’s exchange rate, while South Korea’s won has fallen about 5 per cent and the greenback has lost 2.3 . . .

To continue reading, please subscribe and you will get:


  • THE WIRE - An all-in-one platform with up-to-the-minute updates of market-moving news and views sources via a network of journalists, traders, brokers, analysts, etc. and from multiple credible news outlets in mainland China. We The Wire 24/7, we walk you through every trading day in mainland China and Hong Kong.
  • DETAILS - General information is everywhere, but information with details is rare.
  • WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.

FREE TRIAL cancel anytime

Already have an account? Sign In