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Markets

China FX regulator says current yuan rate within a reasonable, balanced range

  • Volatilities in international markets could lead to more fluctuations in China's forex market, said Wang Chunying.
Published January 22, 2021 Updated January 22, 2021 11:30am
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By Reuters
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BEIJING: The current yuan exchange rate is within a reasonable and balanced range, China's foreign exchange regulator said on Friday.

Volatilities in international markets could lead to more fluctuations in China's forex market, said Wang Chunying, spokeswoman for State Administration of Foreign Exchange, adding that authorities will step up monitoring on cross-border capital flows and risk assessment.

Yuan

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