No need to boost yuan to cool inflation – China Press

The Peoples Bank of China (PBOC) policymakers see no need to strengthen the yuan to tame rising imported inflation, the 21st Century Business Herald reported, citing a domestic economist.

Key quotes  

“The current commodity price gains may only be short-term, the U.S. Federal Reserve is likely to tighten liquidity, and commodity supplies can increase.”

“The yuan may not continue to appreciate significantly as other countries regain their production.”

• USD/CNH Price Analysis: RSI probes further downside around 6.40 key support