FXstreet.com (Barcelona) - According to the NAB Analyst Team, “We recommend steadfast caution regarding the for the inevitable rumors of an imminent cut in the Reserve Requirement Ratio (RRR) from the PBoC after yesterday’s reverse repo operations left a big shortfall in liquidity needs.”
Ipso facto, “The mere rumor or speculation of a cut may be enough to support Chinese stock markets today, which correlates directly with the AUD. Of course, this also adds to the risk of disappointment should a move fail to have been announced come Monday morning.” the Team notes.
Ipso facto, “The mere rumor or speculation of a cut may be enough to support Chinese stock markets today, which correlates directly with the AUD. Of course, this also adds to the risk of disappointment should a move fail to have been announced come Monday morning.” the Team notes.
