‘Do not bet’: China’s central lender warns in opposition to yuan speculation

Essential Factors

“Do not wager on a 1-sided appreciation or deprecation of the renminbi trade fee,” the central lender said in a Chinese statement on its internet site late Wednesday, according to a CNBC translation.
That’s dependent on a readout of a speech by vice governor Liu Guoqiang at a online video conference conference on international trade that day.
The renminbi, or the yuan, crossed the 7.2 stage in opposition to the buck Wednesday to its weakest due to the fact 2008.

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