China ForMin says will not use yuan exchange rate as a bargaining chip in trade talks

A spokesman for China's Ministry of Foreign Affairs says the country will not use the yuan's exchange rate as a bargaining chip to resolve trade disputes with the United States

China press reports

• China won't resort to currency depreciation for competitive purposes in trade
• hopes the U.S. can respect market rules and not politicize currency issues

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Comments follow reports the US is pressing China to keep the yuan stable as part of a trade agreement

This will be another weight on AUD and similar 'risk' trades