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China's FX regime getting clearer - NAB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at National Australia Bank explained that a return of risk appetite has seen Asian currencies strengthen across the board but still lag DM currencies.

    Key Quotes:

    "We have adjusted our forecasts to take into account the changing environment."

    "The rebound in the oil price seems to have stalled, Brenthas retraced from highs of just below USD 42/bbl."

    "China’s new FX regime appears to be getting clearer, with the RMB Index appearing to be positively correlated with the DXY."
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