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USD/CNY: credit will not solve the problem - BTMU

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at Bank of Tokyo Mitsubishi explained that declining FX vols probably mean another steady trading week ahead, which is the norm whenever the Two Meetings come up.

    Key Quotes:

    "As we wrote in our monthly, the issue is less that February might show a reserves rise than the size of the rise. At the NPC, plans are not the issue but implementation.

    We do sense a greater importance being attached to economic issues this year vs. last year; whether this will be all too late remains the key question. We are watching FDI to see if it slows. Credit is not going to solve the problem."
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