meanwhile, over in China ….

Yuan ... no change but does appear ready to move.

Yuan … no change but does appear ready to move.



 

 

 

What is the Chinese Central Bank up to …?

Main20150609203853



 

Per Bloomberg.com a couple hours ago:

China’s one-year interest-rate swaps completed the biggest weekly drop in four months after the central bank cut borrowing costs and stopped draining funds in open-market operations.

The People’s Bank of China reduced its benchmark rates for the first time since 2012 a week ago, supporting growth in an economy set for the slowest full-year expansion in two decades. Yesterday’s auction window was the first since July that the monetary authority didn’t offer repurchase agreements at, and maturing contracts added a net 35 billion yuan ($5.7 billion) to the financial system this week, the most since August.

 

Chinese Yuan Pattern Complete

Chinese Yuan Pattern Complete

watch this … closely.

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