Citi says to short euro against … the yuan!

Author: Eamonn Sheridan | Category: News

Citi's reasoning is that they expect CNH to outperform against the EUR as the virus spreads outside of China

  • The impact in China has been widely discussed & sings are of asset price stability in China
  • Outside China though concerns are increasing 
  • Leading to yuan "may have further to outperform its trading partner currencies in this environment"
  • Mention Italy specifically
 
ps. Note from Monday

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