PBOC deputy governor: Don't bet on one-way moves in the yuan

[forex4you]

PBOC deputy governor: Don't bet on one-way moves in the yuan

<p style="" class="text-align-justify">Well, this is a symbolic remark as it comes with USD/CNY firmly breaching 6.90 to start the new week and hitting a two-year high of 6.94 earlier in the day <a href="https://www.forexlive.com/news/chinas-onshore-yuan-falls-to-lowest-in-two-years-against-the-dollar-20220905/" target="_blank">here</a>. China is starting to pump the brakes on the latest yuan decline and this looks to me that they are more than likely to draw a hard line on the latest yuan depreciation near 7.00 against the dollar.</p>

This article was written by Justin Low at www.forexlive.com.

Source: PBOC deputy governor: Don't bet on one-way moves in the yuan

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