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USD-CNH / Nomura, JP Morgan both tip a higher USD/yuan (USD/CNH)
Nomura are tipping a still higher US dollar, citing the September "Higher for longer" rates viewpointof the Federal Open Market Committee (FOMC)and continued equity and bond outflows from China to persist in pressuring the yuanNomura see a higher USD/CNH, and this is likely to spread more widely to feed through to higher USD/Asia.---JP Morgan are also remaining bearish CNH, pointing to:markets remain with concerns over China's prospects for economic growthrecent data has not been "constructive"...
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Posted: Sep 25 2023, 20:37
Author Name: forexlive
Views: 092036
USD-CNH News
By forexlive
September 25, 2023
Nomura, JP Morgan both tip a higher USD/yuan (USD/CNH)
Nomura are tipping a still higher US dollar, citing the September "Higher for longer" rates viewpointof the Federal Open Market Committee (FOMC)and co more_horizontal