FX Expert Funded

PBOC says will keep yuan exchange rate basically stable

Will stabilise market expectationWill enhance stability of credit growthTo utilise a variety of monetary policy tools, cut interest rates and RRR when appropriateWill promote internationalisation of yuan in a prudent manner

These are all just some token remarks. The main development in the Chinese yuan was the story from last week here.

This article was written by Justin Low at www.forexlive.com.

Leave a Comment

Your email address will not be published. Required fields are marked *

Call Now