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Depreciation in yuan foreseen on China cut- ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at ANZ explained that interest rate cuts in China have tended to lead to yuan depreciation.

    Key Quotes:

    "Despite an easing in capital outflows in October, there is still genuine onshore demand for dollars. The latest rate cut may see some pick-up in outflows."

    "The failure of the yuan to gain from the ECB inspired risk rally is also another indication that near-term depreciation pressure remains."
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