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Good MornING Asia - 6 August 2018

Good MornING Asia - 6 August 2018

  • 6 August 2018

The People’s Bank of China (PBOC) has announced a re-introduction of reserve requirements on FX forwards trading – a move clearly aimed at taking pressure off the renminbi as USD/CNY closed in on 7.00. This looks only a temporary reprieve for the renminbi; prior PBoC attempts to stem CNY weakness haven't been all that successful in reversing a trend

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China blinks at a 7.00 handle for the yuan
Quick take
3 August 2018

China blinks at a 7.00 handle for the yuan

The People’s Bank of China (PBOC) has announced a re-introduction of reserve requirements on FX forwards trading – a move clearly aimed at…

Malaysia: Wider external surplus is positive for ringgit
FX Malaysia
3 August 2018

Malaysia: Wider external surplus is positive for ringgit

A continued widening in external trade and current account surpluses this year is positive for the Malaysian ringgit (MYR), but the persistent global…

MYR Malaysia External trade

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