Chinese Yuan: PBoC Moves to slow yuan gains - Societe Generale
Societe Generale reports Chinese authorities are again intervening after the CSI 300 fell 8.3% in October, its worst monthly drop in over a decade. The PBoC injected around RMB100bn via a one-year swap and will raise FX RRR from 4% to 6% on 15 November to curb one-way CNY appreciation.
We haven't written up this one. FXStreet has the full story — the link below goes straight to it.
