FXStreet (Guatemala) - Analysts at ANZ explained that interest rate cuts in China have tended to lead to yuan depreciation.
Key Quotes:
"Despite an easing in capital outflows in October, there is still genuine onshore demand for dollars. The latest rate cut may see some pick-up in outflows."
"The failure of the yuan to gain from the ECB inspired risk rally is also another indication that near-term depreciation pressure remains."
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