This audio analysis is not a recommendation within the meaning of Regulation of the Minister of Finance of 19 October 2005. It has been prepared for information purposes only and should not serve as a basis for making any investment decisions. Neither the author nor the publisher can be held liable for investment decisions made on the basis of information contained in this commentary. Copying or duplicating this report without the written permission from Cinkciarz.pl Sp. z o.o is prohibited.
The reduction of the Chinese reserves is visible, but the anxiety regarding the renminbi might be overreacted.
Marcin Lipka, Cinkciarz.pl analyst
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