PBoC: China Does Not Manipulate Currency

PBoC: China Does Not Manipulate Currency

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PBoC: Opposes US Accusation Of Currency Manipulation
-China Does Not Manipulate Currency Aug 6, 2019 2:11am

Added at 2:15am

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PBoC: US Accusation To Severely Destroy Global Rules
-To Keep Yuan FX Rate Stable At Reasonable Level Aug 6, 2019 2:14am

Added at 2:15am

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PBoC: US Designating China A Currency Manipulator Is Unilateralism And Protectionism, Seriously Harm International Rules Aug 6, 2019 2:14am

Added at 2:15am

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PBoC: Yuan Exchange Rate Is Decided By Market Supply And Demand
-China Will Not Depreciation Currency For Competition Aug 6, 2019 2:14am

Added at 2:15am

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PBoC: There Is No Issue Of Currency Manipulation In China
-China Will Not Use FX As Tool To Deal With Trade Dispute Aug 6, 2019 2:14am

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TudorIoan

Aug 6, 2019 2:47am

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Quoting Goat

Disliked

Why did crypto markets move on this news? Didn't realize crypto was reacting to this trade war stuff.

Ignored

Come ooon, the real news were the LTC halving and the new round of tariffs war started by Trump and China retaliation. But all that already happened days ago. They were priced in anyway. Not big deal.

Still, I don't see why any sane, real, serious investor would prefer crypto to JPY or Gold?

The current rise must be some crypto plant groups manipulation, covered by this political shit!

TudorIoan

Aug 6, 2019 3:11am

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Quoting Goat

Disliked

Why did crypto markets move on this news? Didn't realize crypto was reacting to this trade war stuff.

Ignored

Oh, oooh, sorry, that news was selected by the FF for the Crypto Craft section as well.
Definitely a hint for the crypto domain.
I didn't realise it was also on Forex Factory here !

WhiteMouseFX

Aug 6, 2019 2:27am

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Of course China doesn't manipulate the currency.

China only does some necessary fine adjustments to the currency, here and there, as much as necessary to fit government and bankers best interests according to the market. 👌😊😂🤣

Goat

Aug 6, 2019 2:26am

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Why did crypto markets move on this news? Didn't realize crypto was reacting to this trade war stuff.

Rakeem

Aug 6, 2019 2:33am

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I think expectations for manipulation from FED is rising!

TudorIoan

Aug 6, 2019 2:25am

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Is that subliminal message supposed to encourage bitcoin bulls?

Ok, everybody knows that China is playing dirty, no matter what PBoC says.
But nobody is that crazy to invest big in such a risky volatile asset like bitcoin!

smctrader

Aug 6, 2019 4:14am

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China pegs to dollar = "China is a currency manipulator"
China allows currency to free float = "China is a currency manipulator"

ekan

Aug 6, 2019 5:54am

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Quoting smctrader

Disliked

China pegs to dollar = "China is a currency manipulator" China allows currency to free float = "China is a currency manipulator"

Ignored

RMB is not free floating, it has never been. The hard peg was simply replaced with a soft peg where there is a band of +/-2% deviation from the fixing rate. And the peg now is not solely on the dollar, but on a trade-weighed basket of currencies of the main trading partners of PRC.