According to the latest headline floating on the wires, the head of PBOC's research institute was noted saying that the recent weakness in Chinese Yuan is not a result of PBOC guidance but has been a recurring theme during the Asian sessions.
• It is a result of changes in market expectations as external uncertainties rise.
• China won't use Yuan as a tool in trade conflict.
• China is committed to multilateralism, globalization, and free trade.
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