Watching, waiting, commise-rate-ing
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Trivium Markets keeps you briefed on the latest developments in China markets policy.
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The central bank (PBoC) is signaling a growing willingness to stem the RMB’s slide against the dollar.
Some context: As of Thursday, the offshore RMB (CNH) was trading at 7.252 per USD – its weakest since November, and nearing 15-year lows.
On Thursday, Bloomberg reported that the PBoC and the forex...