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Xinhua Commentary: China's central bank sends clear signal on RMB exchange rate
As the exchange rate of the Chinese currency renminbi (RMB), or the yuan, remains high against the U.S. dollar, the People's Bank of China (PBOC) has sent a series of clear signals that rapid appreciation of the yuan is not sustainable.
June02,2021
Fading out of countercyclical factors to have little impact on RMB exchange rate in short term, expert
Fading out of countercyclical factor in the quotation model of central parity rates of Renminbi (RMB) against U.S. dollar may have limited influence on RMB exchange rate in the short term, Zhang Wei, chief researcher with Kunlun Health Insurance’s asset management center told Xinhua Wednesday.
October30,2020
Experts expect RMB to appreciate somewhat amid fluctuation, uncertainty still looming
Chinese currency yuan or RMB is still expected to resume potentially a wave of appreciation amid volatility based on various indicators, but faces greater uncertainty in the future, say experts.
July17,2020
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