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SocGen Recommend Long CNH Position Via Options

CHINA

SocGen recommend a long CNH position via options:

  • Recommends long 3M USDCNH 6.71/6.6 put spread, with China's economic recovery well underway.
  • They write that the the property sector is showing signs of consolidation, and the currency is set to benefit from an uptrend in the services and consumption sector.

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