PBOC governor will maintain yuan exchange rate at a reasonable, balanced level ...Middle East

Will step up countercyclical adjustmentShould resolutely guard against the risk of exchange rate overshootTo strengthen financial oversight oversight comprehensively to prevent systemic risksWill strengthen consistency of macroeconomic policies to form synergy between monetary and financial policiesNothing too major there and the remarks here aren't going to soothe investors after the disappointing stimulus announcement from Friday last week. This article was written by Justin Low at www.forexlive.com.

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