PBOC’s new FX measures show willingness to fight against yuan’s disorder

Posted by Fullerton Markets on Aug 6, 2018 6:10:00 PM

After the People's Bank of China (PBOC) announced that it would impose a reserve requirement on the trading of some FX forward contracts last Friday, the Yuan rebounded sharply.

Here are the 4 factors that may have triggered the announcement of reserve requirements on some FX forward contracts especially written by our Chief Strategist, Jimmy Zhu for CGTN.