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... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Fiona Lim     (65) 6320 1374     fionalim@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.