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    Has PBOC intervened?

    Bloomberg reported that PBOC has intervened Thursday afternoon in the FX market through state-owned banks to keep the yuan rate stable. Bloomberg said the statement comes from people, who asked not to be identified as they weren’t authorized to speak publicly and the intervention is due to abnormal volatility. 

    PBOC did not respond immediately but issued a short statement to Bloomberg saying that report on intervention in FX market yesterday is untrue.


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