China’s Yuan Rises to Strongest Level Since 2016

The video discusses the recent currency rally and the People's Bank of China's (PBOC) statement, which aimed to manage market expectations without using the currency to reduce inflationary pressures. It highlights Beijing's shift towards a market-driven currency policy and the central bank's meeting with major Forex players. Analysts predict continued appreciation pressures on the currency, though the pace may slow. The PBOC aims to maintain a neutral stance, focusing on managing expectations rather than direct currency management.

What does the statement about not using the currency for depreciation to boost exports indicate?

What changes in analyst calls were observed before and after the Central Bank's statement?