News Sources wrote an interesting post today on
Here’s a quick excerpt


PBOC's forex strategy will work, say expertsWantChinaTimesTo stall the devaluation of the renminbi against the US dollar, the People's Bank of China has been dumping huge amounts of dollar assets from the nation's enormous forex reserves on the market, while retrieving renminbi in circulation with equivalent …and more »

Read the rest of this great post here

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