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Goldman Sachs says FX outflows from China in September hit US$75 bln, biggest since 2016

Goldman Sachs using its preferred measure, alongside official data from China, of FX capital flows:Capital outflows from China rose sharply to $75 billion in September (from $45bn in August)biggest monthly amount since 2016underscoring intensifying depreciation pressure on the yuandriven by current account outflows as foreign investors' net selling of equities and bonds slowed$35 billion in net outflows via onshore outright spot transactions last month, as well as $45 billion of net yuan payment... Read More

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Content Topics

Goldman

Sachs

Says

Outflows

From

China

September

Us

75 Bln

Biggest

Forex

Posted: Oct 23 2023, 02:45

Author Name: forexlive

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