The chinese reserves data just released 9 Oct
- at the end of September reserves of gold 59.24 million troy ounces USD 76.005 bln
8th consecutive win for the Chinese, the foreign exchange reserves, the longest since mid-2014, the date on which they reached a peak around USD 4trln
The curbs on capital outflows have reduced the need for PBOC intervention, although better economic data has restored a little more faith in the yuan.
Economists, analysts suggest that if the trend continues then the PBOC will be inclined to relax the capital controls a little further.
Yuan rallying as I type.