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Nomura on Chinese yuan weakness, 7.50 is not far away!

Nomura on Chinese yuan weakness, 7.50 is not far away!
Craig Chan, global head of FX strategy at Nomura spoke on Bloomberg TV. He discussed the yuan and what measures the PBOC can use to support the currency.I pulled out some of the key points, it was a good piece covering a lot of ground. I've typed it out below without much formatting for neatness ... just the points!7.50 actually isn't that far from where we are here. There are a lot of headwinds, partly on the macro side, also from the global side where we see the long dollar carry trade remain... Read More
Posted: Aug 24 2023, 01:57
Author Name: forexlive
Views: 111751

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