SHANGHAI, Sept 16 (Reuters) - China's foreign exchange regulator said it was hard to predict short-term volatility in the exchange rate and urged com
SHANGHAI, Sept 16 (Reuters) – China’s foreign exchange
regulator said it was hard to predict short-term volatility in
the exchange rate and urged companies not to speculate on the
currency, state broadcaster CCTV reported on Friday.
Wang Chunying, spokesperson of the State Administration of
Foreign Exchange (SAFE), was quoted as saying that companies had
to set up a “risk neutral” mentality, “not betting on the
short-term direction and the moves of the exchange rate”.
(Reporting by Beijing Monitoring Desk and Winni Zhou
Editing by David Goodman
)
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