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Chia SAFE says sound fundamentals a solid support for stable operations in FX market



Chia SAFE says sound fundamentals a solid support for stable operations in FX market




















China’s Forex regulator, the State Administration for Foreign Exchange.

  • says economy’s ability to counteract external shocks has strengthened
  • sound economic fundamentals will provide solid support for stable operations in the fx market
  • sound economic fundamentals will also provide a solid basis for stable forex reserves
  • says FX reserves rose in May
    due to valuation effect and changes in asset prices
  • relatively huge uncertainty remains in global political and economic situation
  • volatility in global financial markets may increase 

ForexLive


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