Friday, October 16, 2015

USD/CNY: PBoC to intervene? - BTMU

FXStreet (Guatemala) - Analysts at Bank of Tokyo mitsubishi explained conditions surrounding USD/CNY.

Key Quotes:

"As regular readers know, we suspect despite the gross money/credit "beat" for September not all's well within the piping of the financial system."

"As such we'd look for September real indicators to remain sluggish with markets testing USD/CNY higher and PBOC intervening."

"The stage management of this currency has us wondering whether it'd be better to have the appearance of a global currency or the reality of one?"
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