PBOC willing to tolerate temporary yuan fluctuations

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Bali) - According to People's Daily (overseas edition), via Bloomberg, the PBOC would be willing to tolerate temporary yuan FX rate fluctuations.

    "China is willing to stand temporary fluctuations in currency rates to gain independence over its monetary policy", the Ministry of Commerce researcher Mei Xinyu said.
    For more information, read our latest forex news.

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