More from Morgan Stanley, this time on the CNY
- market is underestimating the upcoming rebound in China
- we expect USDCNY to reach 6.55 by year-end 2019
- due to our view that the upcoming China stimulus can be more potent than the market currently expects
- Our economists are expecting January's broad credit figure to rebound on the back of stronger corporate and front-loaded local government bond issuances
