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FX5: China Cuts Rates

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Feb 29, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    China's central bank cut the amount of cash the nation's lenders must hold as reserves (just ahead of the NY open to stem risk aversion), stepping up their efforts to cushion an economic slowdown amid plunging equity prices and a weakening yuan. The required reserve ratio for the banks will drop[​IMG]

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