Nordea Webinar on China: Joining the currency war

During the past days China has seen the largest devaluation in two decades. Despite the PBoC’s reassurance of no sustained depreciation, we believe it is trying to withdraw some of the gains in the trade-weighted CNY that has become a drag on economic growth.

We expect more downward pressure on the CNY in the coming weeks and perhaps months.

Close Window
View the Magazine





You need to fill all required fields!