A change would smooth FX volatility and reduce the role of markets.

Moody's move may mean Chinese companies borrow more from domestic banks.

Moody's move may mean Chinese companies borrow more from domestic banks.

Rating agency cites level of debt and burden it places on nations finances.

Rating agency cites level of debt and burden it places on nations finances.

President denies having authorized any obstruction of justice.

President denies having authorized any obstruction of justice.

PBOC moves in step with the U.S. Fed.