Yuan 'Floor' Seen at 6.90 Per Dollar in Near Term, NatWest's Lin Says

Yuan 'Floor' Seen at 6.90 Per Dollar in Near Term, NatWest's Lin Says

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The transcript discusses the People's Bank of China's (PBOC) reactive policy amidst US tariffs and its impact on the Chinese yuan (CNY) and offshore yuan (CNH). It highlights the expected currency market trends, with a focus on the US dollar's strength against Asian currencies. The discussion also covers the broader economic implications of the US-China trade war and the Federal Reserve's liquidity withdrawal on Asian economies, particularly those integrated into China's supply chain. Finally, it outlines investment strategies favoring the US dollar against the Korean won and Singapore dollar due to their carry trade potential.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Why might the CNH be capped at 695 according to the discussion?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors contribute to the volatility of the Korean won in relation to the US dollar?

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