Tuesday, April 10, 2018

FW: [Maybank] RMB – Unlikely A Tool For Trade Spat



RMB – Unlikely A Tool For Trade Spat

FX Flash
by Saktiandi Supaat

FX Research

USDCNH spiked at 3pm (SGT) yesterday upon the release of news that China is said to be evaluating the potential impact of a gradual yuan depreciation as an option in the trade conflict (BBG). Our base case scenario is that China may not need to use this tool as the US and China will be able to end this trade spat with negotiations for a deal that could be favourable to both and even to global trade...


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