Latest PBOC data now out
To paraphrase Crocodile Dundee in comparison to the SNB reserves, Now that's what I call a war chest, albeit a reducing one
- gold reserves $59.52 bln vs $63.26bln prev
- SDR reserves $10.18bln vs $10/36bln prev
- IMF reserve position $4.6bln vds $4.64bln prev
Reserves record third largest monthly drop on record.. Lowest level since Feb 2013
Reduction in reserves would/could suggest some Euro support as well as intervention to support the yuan.
Other factor would be reduced value of non-USD holdings
