Yuan exchange rate to respect market forces – China CFETS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - Headlines from the China Foreign Exchange Trade System (CFETS), a sub-institutional organization of People's Bank of China (PBOC), crossed the wires via Reuters in the last hours, and are as follows:

    PBOC can maintain stable yuan against speculators

    Yuan exchange rate to respect market forces

    Mkt forces are real fx demand/supply related with eco

    Speculator is not true market forces, cause volatility

    Yuan has condition to maintain stable against basket

    Yuan to continue to see two-way movement in 2016

    Fed rate hike impact has been largely priced in

    Sees uncertainty with us dlr in next stage
    For more information, read our latest forex news.

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