October 10, 2016 / 3:37 AM / 9 months ago

No basis for long-term depreciation of the yuan - China FX trading platform

1 Min Read

Beijing (Reuters) - There is no basis for long-term depreciation of the Chinese currency, the country's FX trading platform operator said on Monday.

The yuan will be basically stable versus a basket of currencies in the medium- to long-term, the China Foreign Exchange Trade System (CFETS) said on its website.

Earlier on Monday, the onshore yuan sank to a six-year low after the central bank dropped the official midpoint to weaker than 6.70 to the dollar.

Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below