The Traderszone Network

Published in TZ Latest News 20 October, 2016 by The TZ Newswire Staff

China’s SAFE says cross-border capital flows should be stable going forward

A spokeswoman for the State Admin of FX, Wang Chunying
The yuan has remained under selling pressure as expectations of devaluations remain (buy ’em back later at a cheaper rate). SAFE trying to water down further depreciation expectations.