AUD, NZD, JPY all higher following the PBoC FX RRR cut, the first since September 2022

News is here:

• People’s Bank of China to cut FX RRR from 6% to 4% from September 15

More in that post but the effect, in brief, is a supportive move for the yuan.

CNH, AUD, NZD and yen all caught a bid.

This article was written by Eamonn Sheridan at www.forexlive.com.



Source link