BEIJING (Reuters) – The basis for a “basically stable” yuan exchange rate remains “solid,” according to an article published by Financial News, a publication of the People's Bank of China, on Wednesday.
The foreign exchange market is working regularly, and the yuan is likely to stabilize and strengthen towards the end of this year, the article said.
China's top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they press for higher US trade tariffs as Donald Trump returns to the White House, Reuters reported earlier on Wednesday.
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