BEIJING, July 21 (Reuters) - China's foreign exchange regulator said it will comprehensively use policy measures to stabilise market expectations, at
BEIJING, July 21 (Reuters) – China’s foreign exchange
regulator said it will comprehensively use policy measures to
stabilise market expectations, at a time when the yuan currency
faces renewed downside pressure.
The remarks were made by Wang Chunying, spokeswoman at the
State Administration of Foreign Exchange (SAFE).
China’s yuan has lost about 4% to the dollar so
far this year, one of the worst performing Asian currencies,
pressured by widening yield differentials with the United States
and signs of a faltering economic recovery.
(Reporting by Beijing Newsroom; Editing by Kim Coghill)
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