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

Notícias do Mercado

5 agosto 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

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