CNBC reports:
The Chinese yuan, also known as the renminbi, is currently allowed to rise or fall by 1 percent in either direction from a level fixed against the dollar each day by the country's central bank. "We expect another dollar/yuan band widening, to plus or minus 1.5 percent or plus and minus 2 percent around the fixing, in the very near future – most likely in Q3 and quite possibly this or next weekend," said the Credit Agricole analysts.
Read more: http://www.cnbc.com/id/100915755
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