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?”
(Market News Provided by FXstreet)