China’s yuan is back under pressure, as the dollar bulls returned and the People’s Bank of China seems to be shifting towards a looser monetary policy to offset the impact of U.S. trade tariffs & slowing domestic economy. The PBoC injected a record $74 billion of Medium-Term Lending Facility credit into major banks yesterday. This step comes after the central bank has already cut its reserve requirements three times in 2018, with further cuts expected in the next couple of months.
From:: Resource Investor