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State-Backed Paper Reaffirms Recent Comments On Yuan

CHINA

MNI (London) - BBG runs comments from a PBoC-backed news outlet, which reaffirms the general train of thought outlined by such outlets in recent months/weeks.

  • The paper noted that expectations surrounding the yuan/FX are “stable,” with recent fluctuations deemed “normal.”
  • It also pointed to the likelihood of less pressure on the yuan during H223.
  • No tangible reaction in USD/CNH spot.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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