Sources: PBOC will not let the Yuan weaken past 7.00 per Dollar - Reuters

Dhwani Mehta FXStreet

Reuters quotes three sources familiar with the People’s Bank of China’s (PBOC) discussion, as saying that the China central bank will intervene and use monetary policy tools to ensure that the Yuan does not weaken past 7.00 per Dollar in the near-term.

Nothing further is reported on the same so far.

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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