China Won't Use Yuan as Tool in Trade Conflict - Bloomberg, Citing PBOC Official

(Updated - July 3, 2018 7:33 AM EDT)

China won't use the yuan as a tool in its trade conflict with the U.S., according to Bloomberg, citing written comments from the head of PBOC's Research Institute. Recent yuan weakness is not the result of PBOC guidance, the official said.

You May Also Be Interested In

• Williams: Rate Hike Not Baseline, But Possible If Data Warrants
• Ibotta (IBTA) starts trading at $118, price IPO at $88
• Crude Inventory Rose 2.7 Million Barrels Last Week, Says EIA