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ICYMI - The PBoC warned traders to be wary of short yuan speculation

The headlines from the People's Bank of China are here, the Bank's statement came as Ueda was rocking the yen-carry traders and after the Bank handed down a strong CNY fixing, stronger than estimated by a new record margin. Smart timing from the PBOC:Yuan exchange rate has solid basis to stay reasonably stable - PBOCps. Ueda and the fixing are here in summary:ForexLive Asia-Pacific FX news wrap: Ueda comments send USD/JPY plungingThe PBOC said it would take action to correct one-sided moves in t...
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Posted: Sep 11 2023, 21:15
Author Name: forexlive
Views: 091222