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International Monetary Fund (IMF) Director Christine Lagarde on Thursday urged China to follow through on the IMF’s recommendation to continue moving toward a system that allows the yuan to move flexible, according to Reuters.

Key quotes (Source: Reuters)

Has supported China’s move toward currency flexibility.

Hopes countries do not move toward the direction of a trade war or currency war.

Hopes China follows the recommendation on keeping yuan flexible.

Won’t comment on daily market moves but fair to observe US equity market, stock markets, in general, have been extremely high.