A little more from PBOC Depuy Governor Yi Gang on the yuan. MNI with more (piece in the Shanghai Securities News)
- The yuan exchange rate uses a basket of currencies merely as a reference and should not be seen as being pegged strictly to that basket
- Market supply and demand, the movement of the basket and the managed floating rate regime, are the main factors for the central bank to consider
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Right. Thanks. The setting procedure is still as opaque as ever.
Meanwhile Twitter is going berserk over Donald Trump and his comments re his private parts. Seriously!
