NEWS: ForexLive Asia FX news wrap: Yuan a mover May 31, 2021 at 03:57AM

NEWS: ForexLive Asia FX news wrap: Yuan a mover May 31, 2021 at 03:57AM

Forex news for Asia trading on
Monday
31
May 2021
China’s
yuan had a volatile session, losing ground in early trading on the
back of weekend remarks out of China expressing concern on the
currency’s strength, with an ex-PBOC official forecasting action to
stem its rapid appreciation. USD/CNH traded up to around 6.3730
before dropping away. The People’s Bank of China reference rate
setting was

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