China's FX reserves fell in Feb

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events Proactive China good for market sentiment (by Peter Rosenstreich) China's foreign exchange reserves fell by $28.57bn in February to $3.20trn according to official data released on Monday. FX reserves are now at their lowest levels since December 2011 after a four month consecutive decline. After heavy capital outflows and expectations for further yuan deprecation, indications suggest pressure is moderating. The PBoC set the USDCNY fix lower at 6.5113, clearly providing

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