China’s SAFE sees two-way yuan fluctuation to be `norm’

Dhwani Mehta FXStreet

The State Administration of Foreign Exchange (SAFE), China’s fx regulator, said in a statement on Friday, they see two-way yuan fluctuation to be `norm’.

The fx regulator added that they expect the forex market to remain stable.

Read: USD/CNH now targets the 6.4660 level – UOB

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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