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Chinese Central Bank Says It Will Prioritize Stabilizing Currency After Yuan Plunges to 14-Year Low Versus USD

Post author:MiamiCrypto
Post published:September 29, 2022
Post category:currency manipulator currency speculators Goldman Sachs Grant Wilson News People's Bank of China risk reserve requirement ratio The Chinese Communist Party The US Federal Reserve yuan depreciation

Moments after the Chinese yuan’s onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing…