Epstein Secrets

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

the local equity markets and adjusted the trading band around the renminbi, and by 104 basis points in l

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

5 10 20 45 a= BofA-ML SGD NEER 5 === lower end of band 10 ——= mid-point 0 —— upper end of band eS & es &

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

d PRA are availab| hange Act in Japan; is issued Band Merrill Lynch (S ia) Limited (ABN 65 006 276 795)