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July 5, 2018, 02:21 Beijing, July 5 (PL) The central price of the yuan, the Chinese currency, recorded a slight recovery today after days of decline against the dollar American.
Yesterday the change was 6, 65.95 yuan per greenback, one of the most
Experts attribute the current weakness of the Chinese currency to the economic recovery of the United States, to the Last month's interest rate increases of its Federal Reserve and the threats of a trade war between the first and the second world power.
However, the central bank of this country said Tuesday that it has the capacity, experience and tools to keep the yuan to the dollar at a reasonable level.
According to Yi Gang, governor of Banco Popul Money market fluctuations are also due to external uncertainties and cyclical behavior.
However, he said, the Asian nation has accumulated experience and standards that allow it to manage and control financial risks, its balance of payments is stable.
Yi recalled that the Chinese economy was moving towards a high-quality development phase and that the country was dealing with currency variations through a cautious and neutral policy.
He added that macroeconomic policies would be applied firmly to ensure a reasonable and balanced parity rate.
tgj / ymr
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