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China's Central Bank Denies Yuan Broke 7.0000/Dollar on Dec. 28

Dec 29 , 2016

China's central bank on Wednesday rejected a media report that the yuan had weakened beyond the 7.0000 per dollar level in the onshore market on Dec. 28, calling the report "irresponsible".

The yuan traded between 6.9500 and 6.9666 per dollar on Wednesday, the PBOC said on its microblog .

"But some irresponsible media reported that the onshore rate of the yuan broke the psychological threshold of 7.0000," the central bank said.

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