The central bank has lowered the threshold for exchanging to USD from 20% to 0%.
Next, enterprises will find it easier to hold USD, and the pressure for RMB appreciation will weaken. USD/CNY has dropped from 7.3 to 6.8, finally opening the possibility for a rebound...
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The central bank has lowered the threshold for exchanging to USD from 20% to 0%.
Next, enterprises will find it easier to hold USD, and the pressure for RMB appreciation will weaken.
USD/CNY has dropped from 7.3 to 6.8, finally opening the possibility for a rebound...