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Market Upbeat Ahead Of G20 Meeting

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Feb 26, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    Ahead of the G20 meeting in Shanghai USDCNY FIX was marginally higher at 6.5481. What we are seeing is that the CNY is staying within normal trading range without any dramatic price changes (i.e. devaluation). This controlled exchange rate strategy which should persist near-term despite FX outflows not having slowed[​IMG]

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