China Press: PBOC adviser Fan sees stronger Yuan vs USD

Dhwani Mehta FXStreet

Bloomberg reported a piece from the China Daily earlier on the day, quoting comments on the Chinese currency from Fan Gang, An advisor to the Monetary Policy Committee of the People's Bank of China.

Key Headlines:

The recent yuan fall was a reasonable response to stronger USD after Trump's election win & fed rate hike

Expects China eco growth to be about twice as fast the US in coming years, inflation unlikely to be higher

US national debt could soar if Trump honours his spending promises

So yuan to become stronger against USD in future

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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