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After setting the Yuan reference rate at its weakest this year, the People’s Bank of China (PBOC) says that it is able to keep the Yuan stable at a reasonable balanced level.

Additional Headlines:

Can keep yuan absolutely stable.

Depreciation of yuan due to trade protectionism, tariffs on Chinese goods.

Fluctuation in yuan is normal.

Foreign exchange market can find its balance on its own.

Extra Reading:

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USD/CNH rises above the symbolic level of 7.00

PBOC sets Yuan reference rate at 6.9225