China Securities Journal: China's latest RRR cut not enough to offset tax payment
|China Securities Journal (CSJ) recently crossed wires while citing further RRR cut. The watchdog also cited the need for liquidity adjustments.
Key quotes
China's latest RRR cut not enough to offset tax payment.
China may need to provide `marginal' liquidity adjustment.
FX implications
Despite witnessing a lack of response to the news by the press time of early Friday, support to further easy money from the official source indicates further recovery of the Antipodeans, especially the AUD/USD pair that currently takes rounds to 0.6800.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.