Free Trial

Still In Consolidation Mode


Adviser To Lula Expects 2023 Spending Boost


Bullish Price Sequence Intact

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

The Chinese yuan may remain strong by Dec. 31 but depreciate next year as foreign exchange settlements decrease and if the PBOC steps in to prevent one-way bets, the Shanghai Securities Journal reported citing analysts. The yuan may be pressured by the expected U.S. rate hikes, reduced capital inflow, slower growth of trade surplus and external uncertainties next year, the newspaper said citing Hang Seng China Chief Economist Wang Dan. The amount of dollar-to-yuan settlements by Chinese companies has started to decrease in October, weakening support for yuan, the newspaper said citing analysts from Industrial Securities.