Sunday 30 May 2021

Yuan comments from an ex-PBOC official - Rapid appreciation is not sustainable, Bank will act

Said the rapid rise of the RMB against the US dollar may have overshot, signalling excess short-term speculation. Speaking with Xinhua (info via )  Reuters Comments are from Sheng Songcheng, former director of the surveys and statistics department at the PBOC. Bolding is mine:
http://dlvr.it/S0kkCm
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