X-Trade Brokers - Analytics

    X-Trade Brokers

    436.00 6.00/10
    100% of positive reviews
    Real

    Has PBOC intervened?

    Bloomberg reported that PBOC has intervened Thursday afternoon in the FX market through state-owned banks to keep the yuan rate stable. Bloomberg said the statement comes from people, who asked not to be identified as they weren’t authorized to speak publicly and the intervention is due to abnormal volatility. 

    PBOC did not respond immediately but issued a short statement to Bloomberg saying that report on intervention in FX market yesterday is untrue.

     

    Any person acting on this information does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree