25 Jan 2017
PBOC’s Vice Gov: Trump's talk of labeling China as currency manipulator not logical
PBOC Vice Governor crossed the wires last minutes, via Reuters, commenting on the Yuan and Trump’s talk of labeling China as a currency manipulator.
Key Headlines:
China use of fx reserves to keep CNY stable & ‘prevented market overshooting’
Yuan's inclusion in SDR brings about deep changes in situation for the currency
Trump's talk of labeling China as currency manipulator not logical