What Is the Impact of Federal Reserve Balance Sheet Reduction on the RMB?
In the coming days and weeks the Federal Reserve is expected to begin unwinding the its balance sheet from quantitative easing. After raising...
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Fed Rate Hikes, the RMB, and Capital Controls
Recent news of the PBOC ending the NDF reserve requirements seemed to have an immediate impact on the USDCNY. The RMB fell in value and causing...
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What Happened to Chinese Money Markets?
Despite the typically staid reputation around the world, in China money markets are part of the front line of any economic or policy changes in...
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Underlying RMB and Pricing Mismatches
The reversal in the CNY requires some more in depth analysis to look not just at the forwards rule change and the CNY link to the USD, but to the...
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CNY 5y Swaps Are Going to Be Received
Long term consolidation of CNY (USDCNY CURNCY) swaps expected since the beginning of 2017.The bounce which took place since June 2017 makes the...
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