We got comments from a People's Bank of China deputy governor earlier
More on PBOC's Yi and his 'no basis for a persistent yuan devaluation' comment
(You might recall the comments, they came just before the PBOC devalued the CNY against the USD again today. Tee hee .... )
- "The Chinese currency has stayed stable against a basket of currencies. The yuan was less volatile than major reserve currencies, and its volatility was far below other emerging market currencies," Yi said.
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ps. Against its basket the CNY has been steadier, despite its continued falls against the UAd (if you'd like more on this, check this out from yesterday: China's 'opportunistic' FX policy (and why its selling EUR) )