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USD/CNY: PBoC to intervene? - BTMU

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at Bank of Tokyo mitsubishi explained conditions surrounding USD/CNY.

    Key Quotes:

    "As regular readers know, we suspect despite the gross money/credit "beat" for September not all's well within the piping of the financial system."

    "As such we'd look for September real indicators to remain sluggish with markets testing USD/CNY higher and PBOC intervening."

    "The stage management of this currency has us wondering whether it'd be better to have the appearance of a global currency or the reality of one?"
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