FW: [Maybank] CNY: Band Widening – Does It Matter This Time?

 

GBL: CNY: Band Widening – Does It Matter This Time? FX Flash by Saktiandi Supaat FX Research In the past, the widening of the yuan trading band from +/-0.5% to +/-1.0% in 2012 and then to +/-2.0% in 2014 were followed by immediate yuan weakness and volatility. We reckon the same cannot be said for another band widening at this time... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Fiona Lim    (65) 6320 1374    fionalim@maybank.com.sg