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CNY: back to normal, but not quite - BTMU

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at Bank of Tokyo and Mitsubishi explained that markets are calming and liquidity is returning back towards normal (we’re not there yet).

    Key Quotes:

    "We think onshore authorities are hoping everyone goes away for the holiday and focus on more fun activities like eating. But if past years are any guide the midnight oil will be burning in official offices and the question is what plans are unveiled after the Lunar New Year."

    "Past years have seen new policies that have had the cumulative effect of increasing volatility. It would be a surprise if they manage something different this year. We think January sees another foreign reserves loss."
    For more information, read our latest forex news.
     

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