Recent policy measures aimed at stabilizing the economy have triggered a strong upward movement in the Chinese currency, with the yuan gaining close to 400 basis points in early trading. The rally reflects growing confidence in the effectiveness of these interventions and highlights the sensitivity of the foreign exchange market to domestic policy shifts. n nMuch of the trading activity appears to be driven by proprietary desks, indicating that market participants are taking positions based on internal assessments rather than client-driven flows. This suggests a high degree of flexibility and responsiveness in the current trading environment, allowing for rapid price adjustments in reaction to macroeconomic developments. n nThe significant move underscores the influence of government-backed initiatives on financial markets and points to renewed optimism about economic resilience. As policymakers continue to deploy tools to support growth, currency markets are likely to remain dynamic and closely watched by global investors. n— news from Reuters
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稳经济举措助力人民币早盘大涨近400点 自营居多市场弹性大 – Reuters
稳经济举措助力人民币早盘大涨近400点 自营居多市场弹性大 Reuters