G20 will focus on China - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at UOB Group explained that the PBoC
    could take the opportunity of the approaching G20 finance ministers, to demonstrate the “flexibility” of its currency against the USD, while still keeping the RMB index largely stable.

    Key Quotes:

    "The G20 meeting of finance ministers and
    central bank governors is schedule over Fri and Sat (26-27 Feb) is said to discuss the recent turmoil in China’s markets and ways to bolster a safety net for the global financial system, according to media reports."
    For more information, read our latest forex news.

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