✉news BusinessBanking first seen 15 h ago, last 5 h ago, peak #7
China's central bank denies deliberately weakening the yuan
Original: China has no need or intention to weaken yuan for trade edge, central bank says
China's central bank says the country has no need or intention to weaken the yuan to gain an advantage in trade. The statement, carried widely across US news outlets, comes amid ongoing scrutiny of the currency's movements and their role in China's trade position. Officials appear to be pushing back against suggestions that Beijing is managing the exchange rate for export competitiveness.
Why now: Traders and policymakers are watching the yuan closely amid trade tensions and questions about China's currency policy.
ChinaPeople's Bank of Chinayuan
Rank over time, top of the chart is #1. 6 snapshots from 15 h ago to 5 h ago.
Evidence
- China has no need or intention to weaken yuan for trade edge, central bank says · Raleigh News & Observer
- China has no need or intention to weaken yuan for trade edge, central bank says · whbl.com
- China has no need or intention to weaken yuan for trade edge, central bank says · The Lufkin Daily News
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