China’s SAFE: Forex market stable in Q1, cross border flows more balanced
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Pan Gongsheng, head of China’s State Administration of Foreign Exchange (SAFE), said on Friday, “China’s forex market stable in Q1, cross border flows more balanced.”
“Will deepen forex reform, steadily pushing forward with high level opening up of capital account.”
“Will fend off risks from external market shocks.”
“Will maintain prudent operations of forex market and financial safety.”
“Market expectations remain stable and trading is reasonable.”
“Foreign investors increase holdings of onshore bonds in March.”
At the time of writing, AUD/USD is losing 0.22% on the day to trade at 0.6724, holding lower ground amid risk-aversion.
[/s2If]
Join Our Telegram Group
