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Yuan exchange rate has solid basis to stay reasonably stable - PBOC

Yuan exchange rate has solid basis to stay reasonably stable at balanced levelsReaffirms pledge to take action to correct one-sided and pro-cyclical activitiesWill resolutely fend off currency overshooting risksWill resolutely prevent speculation or incite clients to disrupt orders of FX marketThe verbal interjection here and the bid in the Chinese yuan today is helping to pin down the dollar, alongside the unwinding of USD/JPY longs after BOJ governor Ueda's remarks over the weekend... Read More

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Yuan

Exchange

Rate

Solid

Basis

Stay

Reasonably

Stable

Pboc

Forex

Posted: Sep 11 2023, 04:32

Author Name: forexlive

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