China Foreign Exchange Trade System comments on the Bloomberg:
- Says PBOC able to keep yuan stable at equilibrium level
- China has no need to support exports w/ weak yuan
- Yuan will continue to see two-way volatility in 2016
- Yuan to play more roles of adjusting BOP in 2016
- Speculation over yuan sends wrong signal to market
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China Foreign Exchange Trade System (CFETS) is the interbank trading and foreign exchange division of the People's Bank of China
