	Symbol	Bid	Ask
	EURUSD	1.2837	1.284
	GBPUSD	1.5167	1.517
	USDJPY	103.23	103.26
	USDCHF	0.9725	0.9728
	USDCAD	1.0279	1.0282
	EURJPY	132.5	132.53
	EURCHF	1.2481	1.2486
	GBPJPY	156.5	156.57
	GBPCHF	1.4749	1.4756
	GOLD	1359.37	1359.97
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Research: China more Likely to Export Capital in the Long Run

Quotes from Societe Generale Cross Asset Research:

-China has clearly accelerated the pace of capital account openness in recent months, with more incremental steps. If history is any guide, as the reform proceeds, China is more likely to export capital in the long run.

-Barring extreme scenarios, China should be able to cope with this trend by timely (downward) adjustments of monetary sterilisation. From that perspective, cutting required reserve ratios should be viewed as part of the structural transition.

Published: 2012-05-04 13:51:00 UTC+00

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May 19 at 4:05 UTC