China has no intention of devaluating the yuan to gain an advantage in global trade and there is no basis for long-term depreciation, the central bank said Thursday.
..."The reports misled expectations and disrupted the market, encouraging speculative selling. We strongly condemn the behavior, which is irresponsible and against professional ethics," the PBOC said.
The Wanderer
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FEEDThis is actually a fairly dull week, with no consequential economic
data, no particularly interesting earnings, and lately not even any mayhem
geopolit...
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