There has been no commentary on the moves in the yuan from China apart from the usual about how stable it is
This for example earlier today - but its along lines that Chinese officials regularly say
This the onshore yuan:
In previous weeks I've commented about how the PBOC had not been letting the CNY fall to the extent currencies elsewhere had fallen against the USD. And that this may have been in an effort to stem manipulation criticism from the US (mainly Trump of course).
Is this simply ahead of the G20 (xi - Trump meeting) and it'll drop again after? That a possibility.
