his is a classic counter-cyclical tool. PBOC is not trying to push the currenc… · @zhang_heqing · TwKit

@zhang_heqing

his is a classic counter-cyclical tool. PBOC is not trying to push the currency down, just avoiding one-sided, runaway appreciation. Stability is the priority. Two-way volatility remains the core logic. For USD holders, tighter onshore dollar liquidity may lift deposit yields, but don’t bet everything on a single direction. What’s your take on the RMB outlook?

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