PBOC moves to curb yuan appreciation by hiking foreign reserve ratio from 7% to 9% 0 (0)

Prior to the hikes this year, you’d have to go all the way back to May 2007 for the last time the PBOC actually increased the RRR for foreign currency deposits. The latest move brings the reserve ratio to 9% as the central bank looks to try and curb excessive yuan strength.
For some context, the yua

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Bitcoin’s Dominance Went Below 40%: Crypto Winter or Maturity? 5 (1)

The cryptocurrency market capitalisation rose slightly, by 0.4%, to 2.36 trillion in the past 24 hours. The cryptocurrency Fear & Greed Index added another 1 point overnight to 29, a significant retreat from the December 6 lows of 16 points, but still in the fear zone. Binance Coin, XRP and Luna hav

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WHO says it will require 2-3 more weeks to study omicron variant more thoroughly 0 (0)

As mentioned earlier in the week, one can expect the WHO to only say anything remotely factual after vaccine makers have shared their detailed findings in the next week or two.Pfizer’s news yesterday was encouraging but there will surely be more twists and turns along the way.If anything, I would ex

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FX option expiries for 9 December 10am New York cut 0 (0)

Just a couple to take note of as highlighted in bold and they are all pertaining to USD/JPY.There’s a few layers of expiries from 112.90 through to 113.70 that may play a role in limiting price action. That said, the technicals themselves are also doing the job in that regard.As such, the expiri

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