Reply To: Traders Market Weekly: September Effect on Risk Appetite


State-owned banks in China intervened in the offshore market to support the yuan while the People’s Bank of China announced a daily fix that was more than 1000 pips stronger than the market expected.
Concerns about China’s real estate sector remained in place after a unit of Sino Ocean indicated that it will not be able to pay back the principal amount on its corporate bonds during the 30-day grace period.