China SAFE: China-US phase one trade deal will help forex market balance

Amid pre-Christmas holiday-thinned markets, an official of China's forex regulator, the State Administration of Foreign Exchange (SAFE), came out on the wires last minutes, making some notable remarks on a US-China trade deal and Yuan’s internalization.

Key Quotes:

China-US phase 1 trade agreement will help forex market balance.

China will steadily increase the yuan's convertibility in 2020.