QTC: China – another month of capital outflows....maybe
Today's settlement data again suggest the currency has been coming under more pressure. That is also the implication of $CNY being at the top of the band, though strangely, none of this pressure is being seen in fx reserve data.
![QTC: China – another month of capital outflows....maybe](/content/images/size/w2000/2024/07/China--FX-reserves--MoM-change--USD-bn.png)
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