Brad Setser says the correlation between onshore FX deposits and FX settlements likely reflects the same function: absorbing appreciation pressure on the yuan via sales to the PBOC and state banks. He also puts the annualized external sum at $600 billion, above IMF forecasts.
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Brad Setser says the correlation between onshore FX deposits and FX settlements likely reflects the same function: absorbing appreciation pressure on the yuan via sales to the PBOC and state banks. He also puts the annualized external sum at $600 billion, abov
Latest documented BWB result
$APP market result
I Sold the $APP $310 Puts for Friday for $3 - been selling Puts on $APP every week with that hard floor of $300 and the high premium
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