Epstein Secrets

not stood on the sidelines. Since September 2015, the People’s Bank of China and the State Administration of Foreign Exchange

r Es a 4 oe Ses 2 Fea f = 2 22 3 sf SE a te ge < = 2 zs eer 8 = = 3 wn New Zealand Data as of December 31, 2016. Source: Investment Strategy Group, Bloomberg. Czech Republic South Africa 60 | Goldman Sachs | JANUARY 2017 HOUSE_OVERSIGHT_014593 --- PAGE BREAK --- incorporates this view, as we are neutra

ul for now. CNY - anything left in reserve? We forecast USD/CNY to rise to 7.25 by year-end 2017 based on sustained capital outflows from China and the People’s Bank of China (PBoC) allowing the exchange rate to depreciate accordingly. A key change in the PBoC’s new FX regime, announced in August 2015, is to raise the infl

ance-decline line recently signaled for tactical USD strength and would turn outright bullish with a trend line break and new index highs. Chart 79: Bloomberg US dollar index, weekly chart with USD breadth measures MEBDXY Index - Last Price MISMAVG (200) on Close (BBDXY) LI9L47 Resistance: 1255 | A af" — ql a

e: BofA Merrill Lynch Global Fund Manager Survey, Bloomberg. As a reminder, the FMS Cash Rule works as follow

ong’s HSCEI, which lost 2.0% week-over-week. Much of the decline came on Thursday following the US Fed’s decision to hike rates 25bps. Also in China, the People’s Bank of China (PBOC) injected 410bn yuan (about $60bn) into the financial system via reverse-repos, the largest cash boost since January. The central bank said the

h, July 2017. Source: Investment Strategy Group, Bloomberg, Goldman Sachs Global Investment Research, Crypto

ority of Singapore Financial Services Agency Financial Conduct Authority SEC CFTC OCC 50 States Central Bank of Russia Russian Finance Ministry People’s Bank of China = The cryptocurrency world operates across geographic and jurisdictional borders, creating ambiguity as to its legal status. = Individual countrie