NEWS: Yuan comments from an ex-PBOC official – Rapid appreciation is not sustainable, Bank will act May 30, 2021 at 09:25PM

NEWS: Yuan comments from an ex-PBOC official – Rapid appreciation is not sustainable, Bank will act May 30, 2021 at 09:25PM

Said the rapid rise of the RMB against the US dollar may have overshot, signalling excess short-term speculation.
Speaking with Xinhua (info via )
Reuters
Comments are from Sheng Songcheng, former director of the surveys and statistics department at the PBOC. Bolding is mine:

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Breaking News

Said the rapid rise of the RMB against the US dollar may have overshot, signalling excess short-term speculation. Speaking with Xinhua (info via ) Reuters Comments are from Sheng Songcheng, former director of the surveys and statistics department at the PBOC. Bolding is mine:

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Said the rapid rise of the RMB against the US dollar may have overshot, signalling excess short-term speculation.
Speaking with Xinhua (info via )
Reuters
Comments are from Sheng Songcheng, former director of the surveys and statistics department at the PBOC. Bolding is mine: