USD/CNY: Slips below 7.0900 to trim PBOC-led gains

Having initially surged to 7.0934, USD/CNY currently drops to 7.0890, up 0.06% on a day, during Thursday’s Asian session. Even so, the pair snaps the
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PBOC’s Yi: China's economic fundamentals remain sound

The People’s Bank of China (PBOC) Governor Yi Gang said in a statement on Thursday, the fundamentals of the economy remain sound. Yuan denominated ass
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