China’s President Xi: Will ensure smooth supply chains

Dhwani Mehta FXStreet

China “will ensure smooth supply chains,” China Central Television (CCTV), a Chinese state-controlled broadcaster, cites comments from the country’s President Xi Jinping on Thursday.

He added that China “will extend international shipping cooperation.”

Read: Without Chinese growth, inflation is set to fall, market implications

Market reaction

Amidst these above comments and post-Fed reaction, USD/CNY is dropping 0.15% on the day, trading at 6.3964, as of writing.

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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