#USDCNY @ 6.88396 : Continued improvement in China’s economy should support Yuan down the road – Commerzbank
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Economists at Commerzbank discuss Asian currencies outlook, and in particular, the Chinese Yuan. In their view, CNY should streghtne down the road.
“In FX, elevated Oil prices amid the OPEC+ decision to cut Oil production are likely to be a negative factor for CNY and Asian currencies in general.”
“USD/CNY will probably hover close to 6.90 in the near term. But the continued improvement in China’s economy should support CNY down the road.”
[/s2If]
Join Our Telegram Group
