Every dramatic currency move soon turns into a whodunnit, even when it is hard to pinpoint the perpetrator in a $5tn-a-day market. Algorithmic programmes are often blamed, along with fat-fingered traders. But the current mystery has a more official suspect with talk about whether or not the People’s Bank of China intervened last week to give the renminbi its biggest gain on record. But the better question to ask when the PBoC is involved is, what counts as intervention?
每一次剧烈的汇率波动都会很快演变成一部悬疑片，尽管在一个日交易额5万亿美元的市场上很难确定谁是真凶。算法程序、还有按错键的交易员经常被当作罪魁祸首。但目前上演的这部剧有个官方的“嫌疑人”：人们在谈论上周manbetx3.0 央行是否出手干预，导致人民币汇率出现创纪录涨幅。然而，在说到manbetx3.0 央行时，更应该问的是，怎样才算干预？
您已阅读21%（627字），剩余79%（2415字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。