China’s SAFE: Forex market stable in Q1, cross border flows more balanced

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China’s SAFE: Forex market stable in Q1, cross border flows more balanced China Currencies AUDUSD

Pan Gongsheng, head of China’s State Administration of Foreign Exchange , said on Friday, “China’s“Will deepen forex reform, steadily pushing forward with high level opening up of capital account.”“Will maintain prudent operations of forex market and financial safety.”“Foreign investors increase holdings of onshore bonds in March.”At the time of writing, AUD/USD is losing 0.22% on the day to trade at 0.6724, holding lower ground amid risk-aversion.

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