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How China Manages Its Currency, and What It Means for US Markets

Beginner Investing • 6 min

The US dollar's value against other major currencies changes every minute through open market trading. The yuan from China has a different system. The People's Bank of China (PBOC) sets a daily reference rate and keeps the currency within a controlled band. They also impose capital controls that restrict how easily money can flow in and out of the country.This managed method has led to accusations from US officials…

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