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PBOC 1 of only 2 G10 central banks in easing mode. Weak yuan. Not currency rocket science.

PBOC 1 of only 2 G10 central banks in easing mode. Weak yuan. Not currency rocket science.
Via National Australia Bank, comments on the Chinese yuan:June-to-date changes for major currencies shows the standouts are the 2.9% rise in USD/JPY and 1.8% gain for USD/CNY , against which every other G10 currency is stronger against the USD. Only two major central banks are currently in easing mode – the PBoC and BoJ. This is not currency rocket science. LOL. Yes. NAB further on yuan:Realistically, the ... Yuan (will only reverse course) on hard evidence of fiscal support for the ailing post-... Read More
Posted: Jun 27 2023, 00:46
Author Name: forexlive
Views: 110883

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