By 2H of 2020, Yuan Will Be at 6.80 to the Dollar: Macquarie’s Le

The video discusses the current weak economic indicators and limited signs of recovery, particularly in Hong Kong and China. Despite this, there is a positive outlook for the next year, with expectations of industrial recovery and global growth. The RMB is highlighted for its strength, and the performance of other EM currencies like the Korean won and Taiwan dollar is also discussed. The video emphasizes the importance of focusing on fundamentals over market noise and the impact of trade talks and a phase one deal on currency forecasts.

What is the current state of global growth indicators according to the transcript?

• Strong and improving

• Weak with limited signs of recovery

• Stable with moderate growth

• Declining rapidly

Which currency is expected to outperform due to improvements in semiconductor pricing and demand?

• Indian Rupee

• Korean Won

• Taiwan Dollar

• Japanese Yen

What is the preferred strategy mentioned in the transcript for dealing with market noise?

• Follow the crowd

• Look through the noise and focus on fundamentals

• Ignore fundamentals

• Focus on short-term trends

What is a key component of the bullish forecast for RMB and Korean Won?

• A phase one trade deal between the US and China

• A decline in global growth

• Increased interest rates

• A decrease in semiconductor demand

What could happen if a phase one trade deal is not achieved?

• EM currencies will strengthen

• Global growth will accelerate

• Trade tensions will decrease

• Recession concerns will resurface