Home Sources: PBOC will not let the Yuan weaken past 7.00 per Dollar – Reuters

Sources: PBOC will not let the Yuan weaken past 7.00 per Dollar – Reuters

Published date: 17 May. 2019 | 08:42

Reuters quotes three sources familiar with the People’s Bank of China’s (PBOC) discussion, as saying that the China central bank will intervene and use monetary policy tools to ensure that the Yuan does not weaken past 7.00 per Dollar in the near-term.

Nothing further is reported on the same so far.

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