PBOC Governor Yi: Will safeguard Yuan, financial stability to boost employment and economic growth

The People’s Bank of China (PBOC) Governor Yi Gang made some comments on the exchange rate value and financial stability in a statement on Tuesday.

“China will safeguard Yuan and financial stability to boost employment and economic growth,” Governor Yi said.

Market reaction

The Chinese proxy, the Australian Dollar, is unperturbed by the comments. The AUD/USD was last seen trading at 0.6750, down 0.45% on the day.