Parallels with China’s currency regime and Australia before the AUD float in 1983

Posted on January 12th, 2016

Despite another bad day on the Chinese stock market on Monday, China used its currency fix, jawboning and possibly intervention to calm volatility in the CNY exchange rate.  This provided some calm to global markets.  A statement by a PBoC official discussing CNY policy appealed for calm but also highlighted a more flexible approach to […]