The Traderszone Network

Published in TZ Latest News 4 September, 2015 by The TZ Newswire Staff

Investors buckle up for expected drop in China’s forex reserves

Global investors are bracing for data next week that could show a big drop in China’s foreign exchange reserves as the central bank steps up its intervention to stabilise the yuan currency after its shock devaluation last month. China has been so surprised by the global market reaction to its devaluation that it is likely to keep the yuan on a tight leash in the near-term to head off fears of a global currency war, policy insiders told Reuters.

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