PBOC has already started to intervene. It looks like in the short run further sell pressure will likely subsidy. However it is unlikely going to strengthen much against the USD unless there is a change in fundamentals.... Definitely something to watch out for
PBOC has already started to intervene. It looks like in the short run further sell pressure will likely subsidy. However it is unlikely going to strengthen much against the USD unless there is a change in fundamentals.... Definitely something to watch out for