PBOC Lowers Risk Reserves Ratio for FX Forwards Trading to Zero - THEMARKETTRENDZ

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Sunday, 11 October 2020

PBOC Lowers Risk Reserves Ratio for FX Forwards Trading to Zero



Oct.11 -- The PBOC is moving to tame the yuan surge saying financial institutions no longer need to set aside cash when buying foreign exchange for clients through a currency forwards. Bloomberg’s Tom Mackenzie reports on “Bloomberg Daybreak: Asia.”
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