Yuan Eyes On Growth Outlook From Top Conferences
Yuan Eyes on Growth Outlook from Top Conferences
Fundamental Forecast for the Yuan: Neutral
• China’s Market News: Onshore Yuan Remains Capped amid Neutral Policy
• China’s Market News: The PBOC Revises Yuan Reference Rate Mechanism
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The USD/CNH failed to break above 6.87, the weekly high in late January, or to drop below 6.84, the lowest level set last week. Looking forward, there are a bunch of events dotted on both China’s and the U.S’ economic calendar, which could add some volatility to Dollar/Yuan rates. More importantly, China’s National People’s Congress (NPC), China’s parliament, will start annual meetings …