1 - 3 Month Outlook
The underlying pressure for CNY to appreciate is illustrated by the fact that China’s FX reserves have increased by almost $300bn so far this year. Latterly, the pace of revaluation has slowed, particularly against the US dollar, in the face of weaker growth in the OECD economies, and there have been [...]
Entries Tagged as 'Chinese Yuan RMB CNY'
Chinese Yuan Outlook - positive trend is expected to continue in the short term
August 7th, 2008 · No Comments
Tags: Chinese Yuan RMB CNY
CNY Chinese Yuan Outlook
July 23rd, 2008 · No Comments
The Chinese yuan (CNY) has been on an appreciating path since its de-pegging and revaluation on 21 July 2005. The pace of this appreciation appeared to pick up sharply in Q4-07, in line with the public change in official rhetoric to “tight” rather “prudent” economic policy. Since then, a shift by the Chinese authorities has been noticed in [...]
Tags: Chinese Yuan RMB CNY
Forex Strategies - USD/CNY Chinese Yuan Outlook
July 12th, 2008 · No Comments
USD/CNY
Current Spot Rate - 6.85
3Q2008 - 6.70
4Q2008- 6.45
1Q2009 - 6.27
2Q2009 - 6.14
3Q2009 - 6.05
4Q2009 - 6.00
Macroeconomic Trends and Prospects
China economy is expected to slow down moderately in 2Q 2008 (market consensus 10.4% yoy vs. 10.6% in 1Q 2008) “in an expected direction of macroeconomic control” (Premier Wen). The authorities have shifted rhetoric from preventing overheating [...]
Tags: Chinese Yuan RMB CNY