The majority of the major currencies had a muted response to yesterday’s signing of a trade deal between China and the United States, largely because there were no new surprises. Analysts point out that the issues which were agreed upon had already been determined since mid-2019, so this signing of […]
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Bank of China: Reserve Ratios are at an Appropriate Level
The People’s Bank of China said that the reserve requirement ratio (or RRR) is currently at an appropriate level. The head of the People’s Bank of China’s Sun Guofeng added that there is limited room for further cuts in the reserve requirement ratio (RRR). At the beginning of the month, […]
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The U.S.-Sino Trade Deal Digested
The signing of “phase 1” of the U.S.-Sino trade deal on Wednesday has allowed traders and analysts worldwide to breathe a sigh of relief. After weeks of speculation as to whether the deal would be signed, the two countries are on their way to more stable political and economic relationships […]