China’s foreign reserves likely to dip by $US100b - TDS

Research Team at TDS, notes that the CNY (spot and daily fix) oscillated between 6.48 and 6.52 this month to average just over 6.50.

Key Quotes

“Tracking this with CNY reserves suggests another $US100b drawdown at most, to $US3100b in March from its February reading of -$3206bn.”