Chinese central bank with more to say on future plans 4 July
China will:
- keep deepening financial reform
- focus on prevention of financial risks
- fine tune mon pol at appropriate time
- improve efficiency of SLF operation
- ease market entry threshold for QFII, RFQII
- closely monitor cross-sector risks
Bloomberg interpret the headline as "large". Reuters says "relatively big".
Hey ho, still not going to make a whole heap of difference. Markets aware of pressures facing the PBOC and govt anyhow.
Meanwhile USDJPY capping around 113.30 but not retreating too far at the moment. EURUSD 1.1344 and GBPUSD turning a little lower again.
AUDUSD has scrambled back over 0.7600 having held 0.7590. USDCAD testing 1.2975 support/demand again.
"Hey Chi-Chi, you large or relatively big?"
