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. 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 USD/CHF technical analysis: Jumps back closer to over 1-week tops FX Street 3 years 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… 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.
