China's choices narrowing as it burns through FX reserves to support yuan (news: 05/01/17)

Today's Press

• US private sector created 153K jobs in December, vs 170K expected: ADP

  The monthly tally for private job creation showed companies added 153,000 in the month after Donald Trump captured the presidency. That was considerably below market expectations of 170,000 and well below the 215,000 added in November. It also came amid expectations for significantly stronger growth under the new president.

• Dollar Falls Versus Yen as U.S. Data Awaited After Fed Minutes

  The dollar weakened against the yen for a second day as minutes from the Federal Reserve’s latest meeting signaled uncertainty over how President-elect Donald Trump’s policies would impact the pace of U.S. interest-rate increases.

• China's choices narrowing as it burns through FX reserves to support yuan

  Data this week is expected to show China's forex reserves precariously perched just above $3 trillion at end-December, the lowest level since February 2011, according to a Reuters poll.