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According to Chinese news outlet South China Morning Post’s Orange Wang, a Chinese economic official recently confirmed that the United States (US)-China trade deal will include a currency clause aimed to keep the yuan exchange rate ‘basically stable.’

“Wang Chunying, a spokeswoman for the State Administration of Foreign Exchange, said at a press conference in Beijing that China will stick to its “floating exchange rate system with adjustments and management,” indicating there will be no major depreciation or appreciation of the yuan in the near future,” wrote Wang.

There was no market reaction to this headline. As of writing, the S&P 500 Futures was flat on the day to suggest that Wall Street’s main indexes are likely to open little changed.