Bloomberg with headlines from Financial News
- Yuan is unlikely to depreciate sharply for long
- China’s FX reserves are big enough to combat yuan fall
Eco Info Daily has this:
- China must interfere in the yuan market when necessary
Looks like instructions have been issued to the press to bolster the yuan.
Yesterday I posted a couple of charts showing the CNY fall against the USD, but relative stability against its basket. ICYMthem: