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DEHJ
Oct 22, 2020 12:06 AM

Rebound 

FX:USDCNH1D
U.S. Dollar/Chinese YuanFXCM

Description

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PBoC to cut the FX Reserve ratio to 0% (previously institutions have to keep 20% of forward settlement amount). This would provide more flexibility to institutions and probably less demand for CNH from this perspective (no need to hold cnh)

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