China’s Premier Li: Will maintain yuan essentially stable to support trade
|China’s Premier Li Keqiang crossed wires, via Reuters, during early Thursday morning in Asia.
The Chinese leaders emphasized the need for a stable yuan exchange rate to support trade.
China’s Li also showed readiness to roll out more policies to help exporters and ease the pressure of international logistics.
FX reaction
Following the news, USD/CNH picked up bids from the intraday low to $6.3755, down 0.03% on a day. However, inactive markets restrict immediate pair moves.
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