Yuan May Appreciate to 6.65 by End of 2019, Standard Chartered Says

The transcript discusses a recent speech by China's presidency, focusing on the country's strength and limited reform discussions. It highlights expectations from an economic policy meeting, noting a lack of new initiatives but a focus on broad policy directions. The potential appreciation of the Chinese yuan is analyzed, considering a possible trade truce with the US. The impact of capital outflow and market sentiment on the yuan is also examined, with a focus on China's ability to manage its currency.

What was the main focus of the Chinese presidency's speech commemorating 40 years of reforms?

• Future reform plans

• China's strength and achievements

• Conciliation with the US

• Environmental policies

What is the expected outcome of the party meeting on economic policy?

• Immediate economic growth

• Broad policy directions

• Specific new reforms

• Increased trade tariffs

What is Standard Chartered's outlook on the Chinese yuan by the end of 2019?

• Volatility without a clear trend

• Stability at current levels

• Appreciation to 6.65 per dollar

• Depreciation to 7 per dollar

What are the two components considered in the valuation of the Chinese yuan?

• Environmental and economic

• Cultural and historical

• Technical and fundamental

• Political and social

How has the market sentiment towards the Chinese yuan changed recently?

• Increased shorting by domestic players

• Increased foreign investment

• Stable with no significant changes

• Decreased shorting activity