China: RMB to Continue to Face Downside Pressure Through 2016
The RMB has declined almost 3% against the USD since the beginning of 2016. We expect the RMB to continue to face downside pressure through 2016....
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China's Banks Are Less Risky Than You Think
Contrary to the market, we believe the potential credit loss to the system is manageable and the capital shortfall should be gradually absorbed by...
185 Views
The RMB Under Pressure and Good Trade Options
Despite continued insistence by the PBOC that there is “no basis” for continued depreciation, the RMB continues to depreciate. What makes this...
152 Views
Largest Decline in RMB Fix Since August 11
The PBOC has set the RMB fix significantly lower at 6.6375/$ which is the biggest one day change in the RMB since August 11. This is a decidedly...
165 Views
The RMB After Brexit: What Can We Expect Today
The Brexit vote has thrown global markets into turmoil. The GBP/USD peaked at 1.50 before dropping below 1.35 for daily move twice the worst move...
255 Views