Reuters reporting news out earlier today from the PBOC
- reserves grew by $11.4bln in October
- ends 5 consecutive months of decline
- gold reserves up to $63.3in October vs $61.2bln
- IMF reserve position down to $4.64bln vs $4.69bln prev
- IMF SDR position down to $10.36bln vs $10.47bln prev
The PBOC has been reporting its reserves monthly,rather than quarterly, since July after adopting the IMF's Special Data Dissemination Standard (SDDS)
A handy war chest to have at your disposal and noticeably back on the rise.
I wonder how much of it they might spend propping up EURUSD down here to protect their Eurozone investments as they have often done before
I will be keeping an eye out for any DNT (barrier) options that might come into play such as those I reported in June, now expired.
PBOC - Poised to strike perhaps ?
