PBOC Deputy Governor: Don’t bet on yuan’s one-way moves

The People’s Bank of China’s (PBOC) Deputy Governor said on Monday that “don't bet on yuan's one-way moves. “

Additional quotes

“International recognition of Chinese yuan will increase.”

“China has relatively ample room for monetary policy.”

Separately, China’s state planner official said that policy measures to support economic growth are gaining traction.

Market reaction

USD/CNY was last seen trading at 6.9362, up 0.54% on the day.

About the Author

You may also like these