Asia Pacific: Intervention still a factor

- By FX Markets Staff
- @FXMarkets_
- 03 Jul 2006

The research found that heightened upward pressure from FX markets was not fully offset by reserve accumulation in a number of Asian currencies. It found overall reserves in emerging Asia were up 13.7% in 2005.

Meanwhile, reserves for China alone went up 25.5% to US$818.9 billion. While this has not led to significant appreciation in the currency, the report refers to the relaxation of restrictions.

Since the beginning of 2006, the Chinese monetary authorities have announced a number of measures

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