Market Comment | Risk assets are supported by extended gains in oil prices

Chinese forex reserves fall less than expected. China’s foreign currency reserves continued their negative trend in February, although the pace moderated (by USD30.6bn to USD3230.9bn; consensus: USD3190.0bn). This is the smallest decline in reserves in eight months. Nonetheless, with this new drop, reserves reached their lowest level since May 2012. Commodity prices and China’s better-than-expected […]

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