China SAFE: China will improve its regime and make Yuan more flexible
|Wang Chunying, a spokeswoman for China's forex regulator, the State Administration of Foreign Exchange (SAFE), told a news conference in Beijing on Friday that China will make Yuan more flexible.
Key Headlines:
China's fx market has seen increasing net capital inflows recently.
China's fx market will maintain stable, balanced overall in 2020.
China's current account expected to maintain small surplus in 2020.
The Chinese yuan trades with sizeable gains vs. the US dollar so far this Friday amid phase one trade deal optimism and as the recent upbeat Chinese activity data point towards an economic stabilization. USD/CNY hit fresh half-yearly lows at 6.8535 an hour ago, now trading around 6.8585, still down 0.27% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.