The People’s Bank of China (PBOC) announced on Friday that it will push forward yuan internationalisation based on market principals. Additional takeaways “Will remove obstacles for use of yuan both domestically and overseas.” “Will make it easier for foreign investors to use yuan to invest in China’s bonds, stocks.” “Will promote healthy development of the offshore yuan market.” “Will strengthen monitoring of cross-border capital flows.” “Will use counter-cyclical adjustments to prevent risks from cross-border capital flows.” “More firms in countries along the belt and road initiative are excepted to accept yuan-based settlement.” Market reaction The USD/CNY pair largely ignored these remarks and was last seen trading at 6,9515, up 0.11% 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 S&P 500: Upward momentum is slowing sharply, risk a correction lower – Credit Suisse FX Street 2 years The People’s Bank of China (PBOC) announced on Friday that it will push forward yuan internationalisation based on market principals. Additional takeaways "Will remove obstacles for use of yuan both domestically and overseas." "Will make it easier for foreign investors to use yuan to invest in China's bonds, stocks." "Will promote healthy development of the offshore yuan market." "Will strengthen monitoring of cross-border capital flows." "Will use counter-cyclical adjustments to prevent risks from cross-border capital flows." "More firms in countries along the belt and road initiative are excepted to accept yuan-based settlement." Market reaction The USD/CNY pair largely ignored these… 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.
