FXStreet (Guatemala) – Analysts at Bank of Tokyo and Mitsubishi explained that markets are calming and liquidity is returning back towards normal (we’re not there yet).
Key Quotes:
“We think onshore authorities are hoping everyone goes away for the holiday and focus on more fun activities like eating. But if past years are any guide the midnight oil will be burning in official offices and the question is what plans are unveiled after the Lunar New Year.”
“Past years have seen new policies that have had the cumulative effect of increasing volatility. It would be a surprise if they manage something different this year. We think January sees another foreign reserves loss.”
(Market News Provided by FXstreet)