PBoC governor Yi says that fluctuations in the yuan exchange rate are driven by the market

Market news

5 August 2019

PBoC governor Yi says that fluctuations in the yuan exchange rate are driven by the market

Says China will not engage in competitive currency devaluation
Will not use yuan as a tool to cope with external disturbances, such as trade tensions
Current yuan exchange rate is at an appropriate level
Will keep yuan exchange rate stable on a balanced and reasonable level
Will maintain stability and consistency of FX management policies
Confident that the yuan will continue to be a strong currency

U.S. rate of employment growth remains solid – Rabobank

U.S. ISM non-manufacturing index likely to rise to 56.3 in July – TD Securities

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.