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Chinese state media talking up the yuan: recovering economy will return confidence & calm

Chinese state media talking up the yuan: recovering economy will return confidence & calm
The People's Bank of China-backed (and hence Chinese Communist Party backed) Securities Times said today in an opinion piece that "The process of economic recovery in the post-COVID era will not be accomplished overnight and it requires policy support," "But with gradual recovery of the broad economy, there can be a little more confidence and calm with the yuan exchange rate,"That's not been evident today with a sharply weaker yuan:PBOC sets USD/ CNY reference rate for today at 7.2150... Read More
Posted: Sep 8 2023, 03:19
Author Name: forexlive
Views: 112299

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