PBOC Vice Gov. Liu: China is ‘capable and confident’ of keeping the Yuan generally stable in the long run

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Liu Guoqiang, Vice Governor of the People’s Bank of China (PBOC) was on the wires last minutes, via Reuters, noting that the country is ‘capable and confident’ of keeping the exchange rate generally stable on a reasonable and balanced level considering its sound economic fundamentals, great resilience and huge potential.         

The Yuan continues to trade modestly flat around 6.9240 levels against its US counterpart so far this Monday.

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