“Current yuan exchange rate is within a reasonable and balanced range,” the State Administration of Foreign Exchange (SAFE), China’s fx regulator, said in a statement on Friday. Further comments “Changes in international markets could lead to more fluctuations in China’s foreign exchange market.” “Will step up monitoring on cross border capital flows and risk assessment.” “Will prevent abnormal cross-border flows this year.” “China’s banks boosted 158bn USD in FX for 2020.” Market reaction USD/CNY tracks the bounce in the US dollar against its major peers, now trading at 6.4680, up 0.14% on the day. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US leads the global reflation trade FX Street 2 years “Current yuan exchange rate is within a reasonable and balanced range,” the State Administration of Foreign Exchange (SAFE), China’s fx regulator, said in a statement on Friday. Further comments “Changes in international markets could lead to more fluctuations in China's foreign exchange market.” “Will step up monitoring on cross border capital flows and risk assessment.” “Will prevent abnormal cross-border flows this year.” “China’s banks boosted 158bn USD in FX for 2020.” Market reaction USD/CNY tracks the bounce in the US dollar against its major peers, now trading at 6.4680, up 0.14% on the day. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
