PBOC Yuan positions drop to 2011 low, a sign of Intervention? - BBG

Dhwani Mehta FXStreet

According to the latest observation by the Bloomberg Team, the Chinese central bank’s yuan positions, which reflect the amount of foreign currency held on its balance sheet, fell to the lowest since 2011 in August, indicating that it intervened in the fx markets by selling dollars to support the yuan.

Below is the chart by Bloomberg & PBOC highlighting the aforesaid:

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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