Machine Learning

The government-controlled bank has been selling dollars in the foreign exchange markets to stem the yuan€™s rise and prevent it from falling too fast But the yuan kept rising, stoking a rally in global stocks and commodities that helped inflate bubbles in emerging markets China said it would allow the currency to trade more freely The yuan rose 0 1 percent to 6 2295 per dollar as of 4:16 p m in Shanghai, after gaining as much as 0 3 percent The currency has appreciated 1 3 percent so far this year The PBOC said the one-way appreciation of the yuan was not sustainable€ and that it wanted to break the trends€ of increasing volatility The PBOC said it would fine-tune the yuans value The PBOC said it would strengthen its operations in the spot foreign-exchange market to keep the renminbi exchange rate stable around the equilibrium level, according to a statement on its website WHAT WOULD THE PBOC NEED TO DO TO WEAKEN THE YUAN? The PBOC would need to buy a lot of dollars to weaken the yuan, meanin