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Will we see intervention from the PBOC?

Discussion in 'Fundamental Analysis' started by ForexLive, Jan 6, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Morgan Stanley comments on the yuan (or the renminbi as the report calls it ... ps. I refer to it as the yuan 'cause its quicker to type :-D ) - They note the offshore-onshore spread (i.e. CNH - CNY) continues to widen MS note that while the yuan is weaker against the USD, on a trade-weighted basis its reasonably stable. But on its NEER (nominal effective exchange rate) basis its "trading closer to the bottom end of the sideways band since mid-August" ... and "some stabilization will be required soon if this is remains the case" ...

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