China Resumes Liquidity Injections After 13 Day Drought, Strengthens Yuan Most In 3 Months

Writer at ZeroHedge • Apr 13, 2017 at 3:20 AM EDT

On the heels of Trump's comments that the dollar is too strong, Chinese authorities have folded - after 13 days - and resumed liquidity injections through open market operations (70 billion Yuan).

On the heels of chaos in the FX markets created by a non-currency-manipulating President Trump's comments that the dollar is too strong, Chinese authorities have folded - after 13 days - and resumed liquidity injections through open market operations (70 billion Yuan).

In addition, PBOC strengthened the Yuan Fix by 0.45% - the biggest mover since mid-January.

And offshore Yuan is surging...

One wonders if the sudden liquidty injection is a response to the currency moves or the commodity carnage?

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OTHERS TO WATCH: Many others in the retail sector are lower this morning, including Macy's, Kohl's, American Eagle, Nordstrom (JWN), Abercrombie & Fitch (ANF) and Urban Outfitters (URBN).

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