Peoples Bank of China out with a statement over the wires 30 June

  • some media reports mislead and disrupt market

Seemingly a denial on earlier reports I posted that they were looklng to send USDCNY to 6.80

AUDUSD not really rallying so perhaps that was already in the market price. but it could be just a general media-report related comment from PBOC

  • media reports help some speculative forces to short the yuan
  • some media continuously publish "inaccurate information"
  • PBOC does not intend to promote trade competitiveness through depreciation of the yuan

The question remains, does anyone believe them ?

AUDUSD steady around 0.7445 after the strong recovery from 0.7371 following the earlier Reuters report.