Bloomberg The People’s Bank of China and Federal Reserve delivered a one-two punch to the dollar, spurring the biggest selloff in a month and raising the specter of further weakness ahead. The PBOC announced that banks would resume using the “counter-cyclical” factor when calculating the yuan’s daily reference rate, restraining the influence of market forces that have been driving the …

Bloomberg A discussion of competition and “superstar” firms at an exclusive economic policy conference in Jackson Hole, Wyoming, threw up a spirited defense of global trade, while central bankers were also warned of the low level of trust they enjoy among the public. “We should think twice about undermining the discipline of openness” and the competition that’s created by global …

Bloomberg Banks in the UK may face an unexpected hit to their finances from British regulators if there’s no Brexit deal, further quashing hopes that they can carry on with business as usual. The Treasury in London said banks won’t be able to treat debt issued by European Union governments as risk-free once the nation withdraws from the bloc. That …