Yuan Rally
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China has taken its first step towards honouring a pledge to let the exchange rate of its currency float more freely. Beijing announced plans on Saturday to make the yuan more flexible, breaking its strict peg to the US dollar. And on Tuesday, for the first time since the pledge, its central bank raised the centre point of the currency’s official trading band.
The BBC features good coverage of potential winners and losers to this policy change. Read the article here
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