PBOC Official: Shocked that US has labelled China as a 'currency manipulator'

Dhwani Mehta FXStreet

Reuters reports the latest comments from the People’s Bank of China (PBOC) official, with the key headlines found below.

Yuan at appropriate level at present.

Yuan moves do not necessarily lead to disorderly movements in capital flows

Shocked that US has labelled China as a 'currency manipulator'

China able to 'navigate all scenarios' from US currency manipulation label.

Risk aversion is creeping back in Europe, with gold shining at a new six-year high above 1530 levels while the USD/JPY pair erases gains to currently trade near 105.30 region.

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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