RSS More on China’s Central Bank, Forex Regulators Pledge to Stabilize Yuan

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 RSS More on China’s Central Bank, Forex Regulators Pledge to Stabilize Yuan

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Earlier post on this is here:


The Wall Street Journal reports now (may be gated):


In a nutshell:

  • Chinese foreign-exchange regulators reiterated their pledge to defend the yuan
  • In a recent meeting, officials at The People’s Bank of China and the State Administration of Foreign Exchange said they aim to stabilize the yuan exchange rate at a reasonable, balanced level.

Separately were other policy moves:


This move should increase onshore USD liquidity and relieve yuan depreciation pressure.

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