WSJ reports China is "said" to be open to a more flexible yuan via ForexLive


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There is a headline crossing the wires that

  • China said to be open to a more flexible yuan, WSJ reports

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Well, yeah … but you might be asking “Say's who?”

Larry Hu, China economist at Macquarie Group

  • “Yuan is facing downward pressure given the strength of the dollar
  • “Meanwhile, China's central bank is trying to let the market play a more important role in setting yuan's value”

More at the article (not gated, so you can read the whole thing free)

posted via ForexLive


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: ForexGlobalEconomics