ES and NQ have gapped open higher on the Globex reopening.
The panic selling of US stocks is over. For now at least. BTD normal service has resumed.
ES and NQ have gapped open higher on the Globex reopening.
The panic selling of US stocks is over. For now at least. BTD normal service has resumed.
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China’s PBOC will cut the FX risk reserve ratio to 0% from 20% from March 2, reversing a 2022 support tool. USD/CNH jumped to 6.8599 as the move made dollar buying cheaper and was seen as tempering recent yuan gains.
PBOC sets USD/ CNY reference rate for today at 6.9228 (vs. estimate at 6.8428) PBOC CNY reference rate setting for the trading session ahead.
PBOC cuts FX risk reserve ratio to 0%, slowing yuan appreciation China’s central bank will cut the foreign-exchange risk reserve ratio for forward FX sales to 0% from 20%, effective March 2, 2026,
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