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People's Bank of China Governor Yi Gang said at the Boao Forum that the exchange rate mechanism is market-determined and working well. He did not say whether China would devalue the yuan in response to US tariffs.
Signals Beijing is not planning a deliberate devaluation, which limits a currency-driven boost to Chinese import costs for US soybeans and meal.
reuters.comApr 11, 2018After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
