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    PBOC Deputy Governor: Will keep yuan exchange rate basically stable

    Abstract:Peoples Bank of China (PBOC) Deputy Governor Liu Guoqiang said in a statement on Tuesday, the central bank “will keep yuan exchange rate basically stable.”
    shutterstock_314989208.jpg

      Additional quotes

      “Will maintain various policy tools to keep liquidity reasonably ample.”

      “Will step up cross-cyclical policy adjustments in 2022.”

      “Yuan exchange rate may deviate from equilibrium in near-term, but will correct over long-term.”

      Another PBOC official was reported as saying that “property sales and financing steadily returning to normal.”

      Market reaction

      USD/CNY was last seen trading at 6.3509, up 0.06% on the day.

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    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
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