Free Trial

In a note published Thursday Macquarie...>

CHINA YUAN
CHINA YUAN: In a note published Thursday Macquarie suggested that China "may be
willing to put up with a weaker yuan still, but does not want a sharp
devaluation like 2015 and 2016."
- Macquarie point to growing pressure for easier domestic liquidity, a slowing
economy & trade tension with US worsening.
- They look for a gradual rise in USD/CNY to RMB6.900 by the end of the year as
a rate that China would be comfortable with. And say that intervention is
limited by China's objective of keeping domestic liquidity plentiful
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.