Pantheon Macroeconomics

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7th Oct 2022 16:13China+, Weekly Monitor

  • The September drop in China’s FX reserves can be explained by valuation effects alone...
  • ...But other evidence suggests China is still facing capital outflows, intervening in FX markets.
  • The renminbi will probably continue to depreciate into year-end, absent a rescue from the Fed.

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fx reserves September

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Keywords for: 10 Oct 2022 China+ Monitor

fx reserves, September, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence