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GBPUSD 1.5123 1.5126
USDJPY 101.27 101.3
USDCHF 0.9614 0.9617
USDCAD 1.0318 1.0321
EURJPY 131.01 131.04
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GOLD 1386.2 1386.8

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Research: Pboc to Signal a Change in Its Monetary Policy Stance Soon


Quotes from Standard Chartered:

-The combination of moderating inflation and slowing domestic growth should result in rising market expectations of imminent easing from the People's Bank of China (PBoC).

-We expect the PBoC to signal a change in its monetary policy stance soon, with a cut in the reserve requirement ratio (RRR) likely to be around the corner.

-We maintain our view that the RRR will be cut four more times in 2012, by 50bps each time. 

Published: 2012-05-11 14:42:00 UTC+00


See also: Current support and resistance levels
EUR/USD
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USD/JPY
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EUR/CHF
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May 25 at 11:28 UTC
 
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