🇨🇳🚨 JUST IN: China’s central bank says it has never deliberately devalued the yuan to gain a trade advantage, calling accusations that the currency contributes to global imbalances “a de facto political maneuver.”$NEAR
What is happening?
• China’s central bank rejects claims of competitive yuan devaluation
• The bank denies using currency depreciation to gain a trade advantage
• It characterizes the accusations as politically motivated $SUI
What this suggests
The statement highlights ongoing tensions over exchange-rate policy, trade competitiveness and global economic imbalances. $OGN
Market takeaway: China’s response could keep the yuan, U.S.–China trade relations and currency-policy disputes in focus across global financial markets.
#US #china #trade
What is happening?
• China’s central bank rejects claims of competitive yuan devaluation
• The bank denies using currency depreciation to gain a trade advantage
• It characterizes the accusations as politically motivated $SUI
What this suggests
The statement highlights ongoing tensions over exchange-rate policy, trade competitiveness and global economic imbalances. $OGN
Market takeaway: China’s response could keep the yuan, U.S.–China trade relations and currency-policy disputes in focus across global financial markets.
#US #china #trade