Earlier post on this is here:
China Foreign Exchange Committee (CFXC) held meeting - pledged to support yuanThe Wall Street Journal reports now (may be gated):
In a nutshell:
Chinese foreign-exchange regulators reiterated their pledge to defend the yuanIn a recent meeting, officials at The People’s Bank of China and the State Administration of Foreign Exchange said they aim to stabilize the yuan exchange rate at a reasonable, balanced level.Separately were other policy moves:
PBOC made it easier for domestic firms to raise money from overseasThis move should increase onshore USD liquidity and relieve yuan depreciation pressure.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about more on china s central bank forex regulators pledge to stabilize yuan was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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