RSS China financial media says PBoC statement sends stronger signal on stable yuan FX rate

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 RSS China financial media says PBoC statement sends stronger signal on stable yuan FX rate

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Financial News is a People's Bank of China-backed media outlet in China. reporting on PBoC Q4 meeting statement, saying it sends a strong signal on stabilising the exchange rate:

  • PBoC has ample tools and experience to react to yuan fall
  • has ability to hold yuan basically stable at reasonable and balanced level

Despite some expectations of the PBoC allowing the yuan to eakend further:


The fixing was below 7.2 again:


Offshore yuan update:

This article was written by Eamonn Sheridan at www.forexlive.com.
 
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