(MENAFN) China wants to change a formula by forming the yuan to U.S. dollar in order to assure stable exchange average when global financial markets maintain inherit in stability.
Furthermore, the yuan can increase or fall by 2 percent compared with U.S. dollar from the central parity average for each trading day.
Accordingly, the new formula, declared on Friday by the China Foreign Exchange Trade System that will allow dealers to incorporate into the existing formula.
Additionally, due to a certain level of "pro-cyclicality," China's Forex market is easy to be influenced by irrational expectations and spurred by inertia.
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