China says increased flexibility in yuan can release market pressure


BEIJING, April 23 (Reuters) - Increased flexibility in China's yuan exchange rate can release market pressure and prevent expectations it will only move one way, a spokeswoman for the foreign exchange regulator said on Friday.

The yuan briefly firmed to its strongest level against the U.S. dollar in nearly six weeks on Thursday as the greenback weakened.CNY/

Wang Chunying also told a news conference China is expected to have a current account surplus in the first quarter, though it will be smaller than the fourth quarter last year.

(Reporting by Tina Qiao Lusha Zhang and Ryan Woo; Editing by Kim Coghill)

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