The Traderszone Network

Published in TZ Latest News 11 January, 2016 by The TZ Newswire Staff

The Wall Street Journal: China defends yuan, says betting against it is ‘ridiculous’

Wagers that the yuan will slump 10% or more against the dollar are “ridiculous and impossible,” a senior Chinese economic official said Monday, warning that China had a sufficient tool kit to defeat attacks on its currency.
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