PBoC Official: China will not use Yuan as tool in trade conflict

Haresh Menghani FXStreet

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.

Additional quotes:

• 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.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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