China’s finance ministry sold seven- year bonds at the lowest yield since August, after policy makers hinted at further easing measures to support the economy.
China’s yuan dropped after a Greek rating downgrade fueled concern the global recovery will stall, boosting demand for safer assets.
China’s yuan was little changed on concern a slowdown in the U.S. economic recovery will prompt the central bank to decelerate appreciation to protect exports.
China’s yuan rose toward a 17-year high on speculation policy makers will permit more gains to help contain inflation, which accelerated in all but one of the seven months through January.
China’s yuan tumbled by the most on record on speculation the central bank will widen the currency’s trading band, allowing greater volatility at a time when growth is slowing in the world’s second-largest economy.
China’s money-market rate had its biggest weekly gain since March on speculation cash supply will wane as the central bank drains capital. The yuan was steady.
China’s yuan had a weekly decline on speculation the global recovery will stall as Spain threatens to re-ignite Europe’s debt crisis.
"The market has turned cautious because investors are concerned there will be more companies like Chaori or Huatong."
- Liu Dongliang on Jul 20, 2014