A useful summary of the People's Bank of China actions to move the RMB via Bloomberg.
Worth bookmarking it or even printing it for a spot on the fridge door.
- Limiting yuan depreciation is a key part of U.S. trade talks
- Lack of transparency means searching through data for signs
Says one anlayst:
- There has been less "apparent manipulation" by China over the past year
- "Methods have become more subtle."
Here we go:
- Driving up the cost of betting against the currency
- The daily fixing
- PBOC uses specific regulatory measures to influence the currency
- Official jawboning
- Capital Controls
- Foreign Reserves
