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Technical Analysis USDCNH : 2016-03-02

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Bank of China moves do not spur economic growth so far Bank of China lowered on Monday its reserve requirements to the commercial banks for the 5th time in the recent 12 months. It also cut the credit rate six times since November 2014. It fell from 6% to 4.35% in sum. Such a policy aims at monetary stimulus of the economy. Will the yuan continue weakening? The People’s Bank of China cut the reserves requirement from 17.5% to 17%. Such a step shall raise the long-term money liquidity by $100

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