3 reasons to doubt the PBOC will allow the yuan to strengthen much further

Author: Eamonn Sheridan | Category: Central Banks

Macquarie expect the People's Bank of China will have less reason to allow the rapid gains for the yuan to continue

  • signing of a phase-one trade deal
  • removal of China from the US currency manipulator list
  • USD/yuan under 7 has restored public confidence
MBL say RMB gains will slow likely after the Lunar New Year, but a positive global risk environment will still be supportive of it.


Sure has been a rapid appreciation for the onshore mid rate:Macquarie expect the People's Bank of China will have less reason to allow the rapid gains for the yuan to continue
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