Reuters reporting the comments from China’s National Bureau of Statistics (NBS) on the yuan, capital flows and Federal Reserve:
Federal Reserve rate hike expectations, yuan inclusion in IMF SDR basket to add to more volatility in yuan FX rate
China experiencing more cross-border capital flows, will have larger impact on balance of payments
China trying to find balance between stable yuan, monetary policy adjustments, capital flows
Will closely watch capital flows, Fed’s policy decisions
(Market News Provided by FXstreet)
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