Yuan rally to provide FX stability in 2023 – China Press USDCNY Currencies
But smoothing out Covid-19 disruptions and boosting market confidence are needed keep momentum going.
The recent strengthening of the yuan was due to the optimisation of pandemic controls, which had raised growth prospects and led to increased domestic and foreign appetite for yuan assets, with northbound capital flows increasing.Related readsInformation on these pages contains forward-looking statements that involve risks and uncertainties.
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