Editorial: Don’t Worry — A Yuan Slide Past 7 per Dollar Is No Cause for Alarm

There is major market concern that the yuan will breach 7 against the U.S. dollar. At a policy briefing for the State Council, a People’s Bank of China (PBOC) representative responded that the yuan’s short-term fluctuations are normal and “one-sided market” will not happen. “It is hard to speculate on the exchange rate, and we advise everyone to not bet on a specific point,” he said.