China policymakers could be concerned if yuan were to rise quickly – Reuters


China’s currency policymakers are comfortable with yuan’s rise, for the time being, Reuters reported on Friday, citing sources involved in internal policy discussion.

Some policy advisers believe yuan may strengthen to 6.4 to the dollar in 2021, Reuters further reported and added that policymakers could be concerned if yuan were to rise quickly and harm China’s exporters.

Market reaction

This headline was largely ignored by the market participants and the USD/CNY pair was last seen trading at 6.5324, losing 0.15% on a daily basis.



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