USD/CNY: Watching fix as downside bias persists – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note recent RMB strength as USD/CNY fell sharply after holidays, tracking a heavy USD/CNH. The move reflects a softer Dollar, better risk sentiment and perceived policy tolerance for RMB appreciation.
OCBC strategists Sim Moh Siong and Christopher Wong note recent RMB strength as USD/CNY fell sharply after holidays, tracking a heavy USD/CNH. The move reflects a softer Dollar, better risk sentiment and perceived policy tolerance for RMB appreciation.
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