BLOOMBERG The People’s Bank of China (PBOC) weakened the daily yuan reference rate by the most in three months after the dollar strengthened. The central bank set the daily fixing of the local currency at 6.4891 to the dollar on Thursday, the lowest level in more than two weeks. The yuan in Shanghai fell 0.1 percent in a third ...

  Bloomberg Hungary’s central bank will review whether to remove incentives it has provided for commercial banks to buy government debt after yields plunged to record lows and government foreign-currency debt trail off. The National Bank of Hungary will reassess the need to continue providing interest-rate swap facilities to banks, Vice Governor Marton Nagy said in an article on Portfolio ...

WASHINGTON / Reuters The European Central Bank (ECB) is unhappy with the US dollar’s recent fall but accepts it as a natural consequence of the Federal Reserve’s cautious economic outlook and sees no reason to act to weaken the euro, three ECB sources said. A weaker dollar — it has shed 4 percent against the euro since the beginning of ...