Amid pre-Christmas holiday-thinned markets, an official of China's forex regulator, the State Administration of International
Amid pre-Christmas holiday-thinned markets, an official of China’s forex regulator, the State Administration of International Change (SAFE), got here out on the wires final minutes, making some notable remarks on a US-China commerce deal and Yuan’s internalization.
Key Quotes:
China-US section 1 commerce settlement will assist foreign exchange market steadiness.
China will steadily enhance the yuan’s convertibility in 2020.
Markets didn’t react to the above feedback, as vacation lull creeps in and retains most majors in skinny buying and selling ranges. USD/JPY trades flat under 109.50 whereas the Aussie is off the weekly tops on the 0.69 deal with.