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Yuan fixing forecast - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at UOB Group noted the price action around the Yuan overnight and offer their outlook for today's fix.

    Key Quotes:

    "USD/CNY and USD/CNH ended lower on Monday at 6.5788 and 6.5848 from 6.5840 and 6.6139 respectively on Friday.

    USD/CHN is expected to remain under pressure following PBoC’s reserve requirement ratio (RRR) rule for CNH interbank deposits placed by RMB clearing banks with their head offices in China, effective from 25 Jan."
    For more information, read our latest forex news.

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