Keeping China's yuan from falling much further will likely bedevil policymakers, Standard Chartered's head of FX research said on Monday.
China guided the yuan lower at its sharpest pace since June on Monday, partly reversing the currency's gains last week.
The PBOC has been very pragmatic when it comes to the yuan, says Frank Troise at Leonteq Securities.
Authorities have been taking steps in recent days to support the yuan, whose gyrations last year had unnerved global financial markets.
Dickie Wong at Kingston Securities weighs in on the latest moves in the Chinese yuan.
China's yuan climbed at its fastest pace against the greenback in a year in offshore trade Thursday, despite capital outflow concerns.
The PBOC wants yuan stability relative to the basket but a slightly weaker yuan relative to the dollar, says Eswar Prasad at Cornell University.
The value of the yuan will still depend rather significantly on the USD, says Haibin Zhu at J.P. Morgan.
The China Caixin manufacturing Purchasing Managers' Index climbed in December, marking its fastest rate of improvement in three years.
China should set a more flexible growth target to spur reform, a PBOC adviser told official news agency Xinhua in comments published Sunday.
Beijing's crackdown on capital flight could be about to extend to Singapore, the SMCP reports.
Asia markets struggled on Thursday closed mixed, with the Nikkei down more than 1 percent after Toshiba tumbled on credit downgrades.
Beijing has to decide between letting the yuan run its course and supporting its value, the SCMP reports.
Anecdotal evidence points to property curbs taking effect in the Chinese property markets, says Jonathan Pain, author of The Pain Report.
China's markets, long considered insulated from global ructions by strict capital controls, took a hit this week from the U.S. rate hike.
China Friday set the CNY mid-point rate at the lowest level in 8-1/2 years on heavy capital outflows and a hawkish Fed.
The PBOC is not defending the yuan against the dollar, but against a trade-weighted basket of currencies, notes JPMorgan's Haibin Zhu.
Yuan depreciation has investors urgently moving money out of China, says Noah Holdings' William Ma.
Japan has dethroned China to be the top holder of U.S. government debt, as the Chinese central bank dipped into its currency reserves to support the yuan.
Data providers played a third-party blame game after several sources erroneously showed a sharp spike lower for China’s currency late Monday.