1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

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

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    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."
    For more information, read our latest forex news.
     

Share This Page