History Repeats; China as Japan

By |2015-08-20T12:10:20-04:00August 20th, 2015|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It was another very heavy intervention in yuan last night for the PBOC, making that twice in just one week. The activity is so fierce as to be of similar proportions to the very tight Chinese New Year period, meaning that it is an understatement to say that the PBOC is under great strain. What is less defined, especially in [...]