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China's foreign reserves continue to fall

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Despite the markets in China being closed for the Chinese New Year celebrations, China is still making the headlines after a report over the weekend showed that China’s foreign currency reserves dropped by nearly $100 billion in January. The report in itself provides clear evidence that the People’s Bank of China (PBoC) are intervening regularly in the markets in an attempt to boost the value of its own currency and selling dollars as the Chinese Yuan continues to face depreciation pressures

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