ABU DHABI / WAM The Ministry of Energy and Infrastructure (MoEI) organised the third edition …
Read More »PBOC to remove reserve rule for FX forwards trading
Bloomberg China’s central bank will effectively remove a reserve requirement for trading foreign currency forwards—a move that may slow the pace of yuan appreciation after its biggest two-week surge in at least a decade— according to people familiar with the matter. Effective September 11, the People’s Bank of China will stop requiring financial institutions to set aside cash when buying …
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