China steps in to defend yuan as trade war with US drags on

China stepped in on Wednesday to support the yuan, showing how far Beijing is willing to go to keep its currency stable as the trade war with the United States stretches on. The People’s Bank of China (PBOC) set the yuan’s reference rate at 7. 0995 per dollar, its strongest level in nearly a year, crossing […] source: https://www.cryptopolitan.com/china-steps-in-to-defend-yuan/