| Bets on swings in the yuan surged as policy makers signaled they may allow greater flexibility in the Chinese currency after it surged 31 percent since 2005.
Implied volatility on one-month options for the yuan versus the dollar rose nine basis points, the most since December, to 1.87 percent in New York trading after Xinhua News Agency cited People’s Bank of China Governor Zhou Xiaochuan saying the nation may “appropriately” widen the currency’s trading band...............................................Full Article: Source
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