Fri, Feb 26, 2021
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Currencies more

China Steps Up Yuan Rhetoric as Currency Falls to Six-Year Low

Posted on 28 October 2016

Chinese officials and state-run media stepped up efforts to curb yuan depreciation concerns, talking up the currency as it traded near the weakest level in six years.
The exchange rate isn’t likely to drop much more because a rally in the dollar is close to an end, according to a report Thursday in the Financial News, a central bank publication. The article follows comments from People’s Bank of China Deputy Governor Yi Gang that the nation will keep the exchange rate stable and that there’s no basis for persistent declines……………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
February 2021
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28