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China's yuan holds steady, set for fourth weekly rise
SHANGHAI: China’s yuan held steady against the dollar on Friday but remained on course for a fourth consecutive weekly rise, as a sharp selloff in the share market weighed on investor sentiment. Investors also stayed cautious ahead of major central bank meetings next week, with the Federal Reserve, Bank of Japan and European Central Bank widely expected to keep rates unchanged while maintaining a hawkish tone. Attention will also turn to China’s fifth plenum for fresh policy clues. Prior to the market opening, the People’s Bank of China (PBOC) set the midpoint rate at 6.7180 per dollar, its st...
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