Yuan Volume Tops 2015 Peak Despite Flat Exchange Rate
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Dollar-yuan trading volume surpassed the frenzied levels seen during the 2015 devaluation on Wednesday, amid signs China is trying to prevent its currency from weakening too fast.
Volume was up 27 percent at $66 billion as of 5 p.m. local time, the most since Bloomberg began compiling the data in 2014. The yuan remained resolutely flat at 6.9414 per dollar, even as surging turnover and volatility continue to rock the Chinese stock market.