USD/CNY: Gradual downside seen with tariff shifts – MUFG
Michael Wan at MUFG argues that changes in US tariff implementation and a weaker Dollar backdrop support a gradual move lower in USD/CNY. China is seen as a relative beneficiary versus some Asian exporters as effective tariffs on Chinese exports are expected to fall.
Michael Wan at MUFG argues that changes in US tariff implementation and a weaker Dollar backdrop support a gradual move lower in USD/CNY. China is seen as a relative beneficiary versus some Asian exporters as effective tariffs on Chinese exports are expected to fall.
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