(Bloomberg) -- China vowed to prevent the yuans exchange rate from overshooting, sending yet another clear signal of its intention to slow the currencys appreciation.
The Peoples Bank of China said … [+2815 chars]
China Vows to Prevent Yuan’s Exchange Rate From ‘Overshooting’ - Yahoo Finance
The People’s Bank of China said while it will maintain the exchange rate’s flexibility, it will strengthen efforts to guide expectations and guard against “...
By:Bloomberg News
Source:Yahoo Entertainment
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