Financial News is a People’s Bank of China-backed media outlet in China. reporting on PBoC Q4 meeting statement, saying it sends a strong signal on stabilising the exchange rate:
- PBoC has ample tools and experience to react to yuan fall
- has ability to hold yuan basically stable at reasonable and balanced level
Despite some expectations of the PBoC allowing the yuan to eakend further:
The fixing was below 7.2 again:
Offshore yuan update:
This article was written by Eamonn Sheridan at www.forexlive.com.
