Bloomberg with headlines from Financial News

  • Yuan is unlikely to depreciate sharply for long
  • China's FX reserves are big enough to combat yuan fall

Eco Info Daily has this:

  • China must interfere in the yuan market when necessary

Looks like instructions have been issued to the press to bolster the yuan.

Yesterday I posted a couple of charts showing the CNY fall against the USD, but relative stability against its basket. ICYMthem: