The People’s Bank of China’s (PBOC) Deputy Governor said on Monday that “don’t bet on yuan’s one-way moves. “

Additional quotes

“International recognition of Chinese yuan will increase.”

“China has relatively ample room for monetary policy.”

Separately, China’s state planner official said that policy measures to support economic growth are gaining traction.

Market reaction

USD/CNY was last seen trading at 6.9362, up 0.54% on the day.

This article was originally published by Fxstreet.com.Read the original article here.

LEAVE A REPLY

Please enter your comment!
Please enter your name here