21 Oct 2016
China’s SAFE: Fed rate hike so far slow, within market expectation
Additional headlines crossing the wires from China’s SAFE, via MNI, citing Fed’s rate hike impact on capital outflows.
Key Headlines:
Observing fed rate hike impact on capital flows
Fed rate hike so far slow, within market expectation
Fed rate hike not necessarily means even stronger USD
Repeats yuan SDR inclusion to bring more inflows
Yuan to keep stable against basket in foreseeable future
Safe tell foreign investors to allow free inflows/outflows
Recent weaker yuan fixing a result of stronger Dollar index
Yuan decline is smaller than other currencies
Yuan actually appreciated against basket so far in Oct
Oct daily banks fx sales to clients down over Sept