Originially posted at Agilityforex.com

After a brutal sell-off in February of this year, the Chinese Yuan has slowly gained back about half of the ground it lost in the People’s Bank of China engineered bloodbath, where the currency had its largest short-term decline in years. The free-fall came in conjunction with the Chinese government widening the trading band by two percent as they follow the path to making the Yuan a free floating reserve currency. At the time, markets were worried that t...