China’s Premier Li Keqiang crossed wires, via Reuters, during early Thursday morning in Asia.

The Chinese leaders emphasized the need for a stable yuan exchange rate to support trade.

China’s Li also showed readiness to roll out more policies to help exporters and ease the pressure of international logistics.

FX reaction

Following the news, USD/CNH picked up bids from the intraday low to $6.3755, down 0.03% on a day. However, inactive markets restrict immediate pair moves.

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