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.
The central bank is widely believed to have sold dollars to support the yuan currency as it sunk to more than 8-1/2 year lows in November.
Asian markets bounced back on Tuesday with the central bank in Australia holding its benchmark rate steady.
Rumors swirled on Tuesday that China's currency dropped sharply overnight, but the purported move may have been an isolated data hiccup.
The Chinese government embarks on a nationwide crackdown against sham overseas direct investments.
Comparing the yuan's recent moves against the dollar misses its strength against other currencies, the PBOC's Yi Gang said at the weekend.
Profit growth in China's industrial sector picked up in October, suggesting the world's second-largest economy strengthened.
How did Malaysia's central bank simultaneously support its currency and increase foreign exchange reserves? That's a $500 million question.
Asia markets were positive on Friday, amid a lack of cues from U.S. markets, which were shut Thursday for the Thanksgiving holiday.
China's central bank will wait for the Fed's December meeting before considering yuan intervention, according to Hao Zhou of Commerzbank.
Asia markets trade mixed in cautious trade after Dow, S&P 500 post records.
Official data indicate China has steadily sold U.S. Treasurys this year.
Japan shares turned higher on Tuesday as the damage from an earthquake appeared moderate, while most other Asian markets rallied.
Asian markets traded mixed on Monday as dollar strength took a breather and oil prices surged.
Asian equities traded higher Wednesday, with the Nikkei holding gains of more than 1 percent as dollar/yen remained around the 109 mark.