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'Do not bet': China's central bank warns against yuan speculation

Por: CNBC Business September 29, 2022

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The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week.Getty ImagesBEIJING — has warned against betting on the , after its rapid decline against the U.S. dollar this week.Do not bet on a one-sided appreciation or deprecation of the renminbi exchange rate, the central bank said in a on its website late Wednesday, according to a CNBC translation.That's based on a readout of a speech by vice governor Liu... + full article



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