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Expand Currency Wars Return: China Hikes FX Reserve Ratio For First Time In 14 Years In Bid To Weaken Yuan by Tyler Durden Monday, May 31, 2021 - 08:13 AM The signs were clear last Thursday when China s PBOC held an unexpected, improvised meeting with major forex market players after which the central bank published a vague if ominous-sounding statement that the yuan exchange rate can’t be used as a tool to stimulate exports via depreciation nor to offset impact of rising commodity prices via appreciation. While many had been looking in the rearview mirror, discussing the recent surge in the yuan, and speculating that the PBOC meeting was merely a warning from Beijing that the marcantilist nation (which in recent years has specialized in exporting deadly viruses in the pursuit of a grand reset) wouldn t look too fondly on more appreciation.

New zealandKhoon gohRohit aroraAustralia new zealand banking groupFederal reserveNew zealand banking groupபுதியது ஜீலாந்துகூன் கோரோஹித் அரோராஆஸ்திரேலியா புதியது ஜீலாந்து வங்கி குழுகூட்டாட்சியின் இருப்புபுதியது ஜீலாந்து வங்கி குழு