(Bloomberg) — The offshore yuan fell in early trading after Chinese policy makers acted to restrain the currency’s strength by removing rules that made it expensive to bet against. Asian stock futures pointed to a mixed start for equities.The yuan was about 0.6% lower against the dollar. The Australian and New Zealand dollars also slipped as foreign exchange markets opened. The S&P 500 ended higher last week as some traders bet lawmakers are moving closer to reaching an agreement to provide more fiscal stimulus. Stock futures in Japan and Australia were flat.The daily currency fixing in China will be closely …read more
Source:: Yahoo Finance
