StanChart’s Zhang Sees USD-CNY at 7.23 by End of Year

The video discusses the impact of the US-China trade war on currency trends, forecasting the USD/CNY rate to reach 7.23 by the end of the year. It highlights the reluctance of China to use FX reserves to defend its currency and the potential meeting of US and Chinese leaders in November. The video also examines the overvaluation of the US dollar, influenced by Federal Reserve policies and global economic events like Brexit. Despite the dollar's high valuation, it is expected to rise against Asian EM currencies due to investor behavior and market risks.

What is the stance of China regarding the use of FX reserves to defend its currency?

What risks are mentioned that could impact the dollar's value in Q4?