In Asia, US dollar’s growing strength fuels concern over currency stability
Analysts say China’s central bank, with an eye on the yuan’s stability, could let it weaken gradually, but such a move ‘could backfire to some degree’.
- China’s central bank seen likely to let the yuan weaken gradually, but such a move ‘could backfire to some degree’
- Japan is believed to have interjected twice this week to stem debilitating losses in the yen’s value