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China's SAFE says will forcefully prevent sharp volatility in the yuan

China's SAFE says will forcefully prevent sharp volatility in the yuan
Earlier from SAFE (China's State Administration of Foreign Exchange):China's FX regulator says commercial banks bought $8.3bn of forex in June vs $3.3bn in MayMore from China's SAFE - expects foreign investors to keep buying yuan-denominated assetsSAFE with more specific yuan comments now: Yuan flexibility is increasing, market understanding of two-way fluctuation and 'risk neutral' also increasedFed tightening is coming to an end, spillover effect is weakeningWill keep yuan basically stable at... Read More
Posted: Jul 21 2023, 02:42
Author Name: forexlive
Views: 080969

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