China's policymakers are comfortable with yuan's appreciation for now - Reuters reports, citing sources

Market news

4 December 2020

China's policymakers are comfortable with yuan's appreciation for now - Reuters reports, citing sources

PBoC might take action if further rises are rapid and are to hurt country's exports
Some policy advisers think yuan may strengthen to 6.4 per dollar next year; authorities could still take steps to brake a rapid rise if Chinese exporters were to feel the pinch or speculative “hot money” were to flood in

UK PM Johnson’s spokesman: Any weekend talks [on trade deal with EU] are contingent on what happens today

USD: An important week for the dollar bear trend - ING

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