Red Ponzi Soon Puking Dollar FX To Protect 7 Yuan

And, to counter the risk of a return to China's dramatic outflow phase, Reuters writes this morning that China is likely to resume selling some of its vast $3 trillion currency reserves to stop any precipitous fall through the psychologically important level of 7 yuan per dollar "as it could risk triggering speculation and heavy capital outflows."

 

 

https://www.zerohedge.com/news/2018-10-26/central-bank-will-intervene-pboc-said-sell-reserves-if-yuan-drops-below-700

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