China Cuts Forex Reserve Ratio in Bid to Support Yuan

What is the primary purpose of the FX Triple R cut as discussed in the first section?

• To increase market volatility

• To address market declines

• To stabilize interest rates

• To boost foreign investments

How does the PBOC's move in the second section aim to influence the market?

• By promoting foreign trade

• By reducing foreign exchange reserves

• By defending a specific market level

• By increasing interest rates

What recent market activity is mentioned in the second section?

• An increase in gold reserves

• A decline in commodity prices

• A surge in stock prices

• A softening of the US dollar

What is the anticipated effect of the US dollar's performance on the PBOC's strategy as discussed in the third section?

• It will lead to a market crash

• It might enhance the effectiveness of the PBOC's move

• It will cause inflation

• It will have no effect

What is the market's reaction to the PBOC's timing of their move in the third section?

• The market experienced a significant downturn

• The market returned to its previous state

• The market reacted positively

• The market ignored the move