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Yuan exchange rate uses a basket of currencies merely as a reference – PBOC’s Yi

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Additional headlines from PBOC Deputy Governor Y Gang that crossed the wires earlier today are as under:

    The yuan exchange rate uses a basket of currencies merely as a reference and should not be seen as being pegged strictly to that basket

    Market supply and demand, the movement of the basket and the managed floating rate regime, are the main factors for the central bank to consider
    For more information, read our latest forex news.
     

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