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BNP on the sliding yuan - no hard line-in-the-sand

I posted earlier on JPM on the yuan:JP Morgan says the Chinese yuan will keep on fallingBNP have a similar view on a lower RMB, saying it'll keep falling:“Ultimately it depends on the yield difference between US and China, and we’re witnessing a nearly record widening of nominal rates differential.”and“We don’t think there is a hard line-in-the-sand for the exchange rate.”TD, too, are bearish:In an unexpected move, China's 1-year LPR was cut less than expected by 10 bps to 3.45% and the 5-year r... Read More

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Sliding

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Hard

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In

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Sand

Line in the sand

Forex

Posted: Aug 22 2023, 02:46

Author Name: forexlive

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