- Analytics
- News and Tools
- Market News
- CNY will likely remain under pressure for the rest of this year – Commerzbank
CNY will likely remain under pressure for the rest of this year – Commerzbank
Economists at Commerzbank analyze CNY outlook.
Wide, negative China-US yield spreads will remain for longer
While the PBoC has continued to impose daily fixings significantly stronger than market estimates based on the fixing formula, they prevented a sharp depreciation of CNY but did not reverse the weakening trend.
CNY will likely remain under pressure for the rest of this year. We will likely only see a rather moderate boost to growth from policy stimulus in the coming months. Slow growth also speaks in favor of a loose monetary policy. The wide, negative China-US yield spreads will therefore remain for longer.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
