ChinaMoney: Counter-cyclical factor will play active role in keeping yuan exchange rate stable

China FX Trading Platform, ChinaMoney, was out with some comments in the last hour and said that counter-cyclical factor will play an active role in keeping Yuan exchange rate stable.

Key quotes:

   •  Yuan is able to keep stable at equilibrium levels.
   •  There are pro-cyclical activities in the FX market. 
   •  They are affected by trade frictions, stronger Dollar Index.
   •  China has actively adjusted counter-cyclical factor in the Yuan mid-point fixing mechanism from August.
   •  Against the US Dollar, it appropriately offset pro-cyclical sentiment.