PBOC: Differnce between fixing, market rate corrected last 2 days

FXStreet (Bali) - PBOC briefing on the Yuan is underway, with some headlines crossing now the wires.

Headlines

Diff btwn fixing, mkt rate corrected last 2 days

Currently no basis for sustained yuan depreciation

Will maintain normal volatility of exchange rate

To keep basic stable yuan around reasonable balanced lvl

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PBOC's Deputy Governor Yi Gang is crossing the wires, noting the PBOC is planning to speed up FX market development.
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People's Bank of China Deputy Governor Yi Gang continues to brief the press on the yuan situation.
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