Wed, 23rd August 2017

Anirudh Sethi Report


China press on the yuan – unlikely to fall sharply for long

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:

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