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China and reserve currency status, page-2

  1. All4One
    17,482 Posts.
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    13/08/15
    15:44
    Post #: 15802384
    Timber

    The PBOC has said they are using an algo on the Yuan trading using the previous days finishing price and a certain percentage. They are doing this to keep control of volatility in the Yuan trading.

    This would probably explain their minor intervention yesterday on the close.
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    lightbulb Created with Sketch.  Great analysis
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