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China aiming to depreciate USD/CNY; Fund managers getting out of high yield areas

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Marcus Ashworth, Chief Market Strategist for Haitong Securities, joined Nick Batsford and Zak Mir, technical analyst for Zak’s Traders Café, on the Tip TV Finance Show to discuss the Yuan and the recent events in China, plus a look at the bond market. Depreciation of the Yuan against the USD main aim Ashworth began by noting the change on Friday over FX Trading, with brokers in China now applying for FX licences. He continued that China have pegged the Yuan to the USD since 2009, but to the

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