No need to boost yuan to cool inflation – China Press

Dhwani Mehta FXStreet

The Peoples Bank of China (PBOC) policymakers see no need to strengthen the yuan to tame rising imported inflation, the 21st Century Business Herald reported, citing a domestic economist.

Key quotes

“The current commodity price gains may only be short-term, the U.S. Federal Reserve is likely to tighten liquidity, and commodity supplies can increase.”

“The yuan may not continue to appreciate significantly as other countries regain their production.”

USD/CNH Price Analysis: RSI probes further downside around 6.40 key support

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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