In the long run, China's currency is a one-way bet. But Beijing gets nervous when events move too fast.

China's foreign-exchange regulator, the State Administration of Foreign Exchange, or SAFE, announced Sunday new rules to stem potential speculation on the yuan's rise. The rules have had a sudden impact: The yuan fell against the dollar Monday for the first time in two weeks.

Heard on the Street, The Wall Street Journal

In the long run, China's currency is a one-way bet. But Beijing gets nervous when events move too fast

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