PBOC's Chen: US labeling China as a currency manipulator is wrong

Comments by PBOC deputy governor, Chen Yulu

• China has never used its currency as a tool for competition
• Hopes that US will resolve the trade spat in a rational manner

This continues on from the earlier remarks by the central bank here. Nothing fresh from the Chinese camp for the time being. Trump is already up and tweeting so just be mindful that we may hear something from him later on in the session.