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via fxstreet.comEconomy

Chinese yuan: authorities seen moderating appreciation pace, says OCBC

FROM THE WIRE · FXSTREET.COM

OCBC’ strategists Sim Moh Siong and Christopher Wong expect USD/CNH to consolidate as Chinese policymakers temper rapid Renminbi (RMB) gains.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA possible slowdown in renminbi appreciation affects the USD/CNH exchange rate.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01OCBC strategists expect USD/CNH to consolidate.
  2. 02Chinese policymakers are tempering rapid renminbi gains.
  3. 03The forecast concerns the offshore dollar/yuan rate.

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