China Moves to Slow Yuan Rally by Cooling Fixing Volatility

MarketsChina Moves to Slow Yuan Rally by Cooling Fixing VolatilityFacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Bloomberg NewsApril 17, 2026 at 3:54 AM UTCBookmarkSaveChina’s central bank is using its daily reference rate to temper the yuan’s rally as the currency’s outperformance during the Iran war fuels further bullish sentiment.The 10-day volatility of the yuan’s daily reference rate set by the People’s Bank of China declined sharply this week before touching the lowest level since early March, according to data compiled by Bloomberg.