China has no intention of devaluating the yuan to gain an advantage in global trade and there is no basis for long-term depreciation, the central bank said Thursday.
..."The reports misled expectations and disrupted the market, encouraging speculative selling. We strongly condemn the behavior, which is irresponsible and against professional ethics," the PBOC said.
Fed's Beige Book: "Economic activity expanded slightly"
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Fed's Beige Book
*Overall economic activity expanded slightly*, on balance, since late
February. Ten out of twelve Districts experienced either slight or m...
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