Senior PBOC Adviser Sheng: USD/CNY won't break 7.00

Dhwani Mehta FXStreet

The Economic Observer, a weekly Chinese newspaper, highlighted key comments from Sheng Songcheng, a senior adviser to the People's Bank of China (PBOC) earlier today.

PBOC’s Sheng noted that USD/Yuan won’t won't break 7 as its a hard to break psychological level.

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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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