According to the latest headline floating on the wires, via Bloomberg, the People’s Bank of China (PBoC) adjusts forward foreign exchange risk reserve requirement ratio to 20%. Key points: “¢ Current forward foreign exchange risk reserve requirement ratio is 0%. “¢ New forward foreign exchange risk reserve requirement ratio effective from August 6. “¢ It will take counter-cyclical measures to keep FX markets stable based on market conditions. The US Dollar fell across the board in reaction to the news as traders continue to reposition themselves ahead of the keenly watched US monthly jobs report (NFP). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD turns positive above 1.1600 on PBoC headlines FX Street 5 years According to the latest headline floating on the wires, via Bloomberg, the People's Bank of China (PBoC) adjusts forward foreign exchange risk reserve requirement ratio to 20%. Key points: "¢ Current forward foreign exchange risk reserve requirement ratio is 0%. "¢ New forward foreign exchange risk reserve requirement ratio effective from August 6. "¢ It will take counter-cyclical measures to keep FX markets stable based on market conditions. The US Dollar fell across the board in reaction to the news as traders continue to reposition themselves ahead of the keenly watched US monthly jobs… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
