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PBOC-backed paper: Recent yuan fluctuations are normal

PBOC-backed paper: Recent yuan fluctuations are normal
Expectations on the yuan exchange rate are stableThere is some growing angst about the decline in the yuan, particularly as a reason not to ease further. One reason to float this paper might be to tell Chinese people not to worry about the currency. If that's the case, it would be dovish and stimulative. The calls for more China economic support are growing. This article was written by Adam Button at www.forexlive.com... Read More
Posted: Aug 16 2023, 14:59
Author Name: forexlive
Views: 022111

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