Volatility in China’s yuan due to escalating U.S. trade friction: PBOC official

0
4

A senior Chinese central bank official has said that the volatility in the Yuan is the result of escalating trade frictions with the US, rejecting all accusations that China was purposefully devaluing their currency. Just days before the volatility, the US sharply raised tariffs on Chinese goods, ending the temporary truce between both countries.

NO COMMENTS