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4 Jan 2016
All eye son China FX in 2016 - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank touched on China's slowdown and variables.
Key Quotes:
"This year will see how China copes with a further slowdown in growth alongside the need to delever the economy, a process that has not yet begun in earnest: with CNH already testing past 6.60 last week, promoting the PBoC to apparently restrict some foreign banks' access to the CNH FX market (according to Reuters), it certainly looks like there is plenty of room for volatility on that front."
Key Quotes:
"This year will see how China copes with a further slowdown in growth alongside the need to delever the economy, a process that has not yet begun in earnest: with CNH already testing past 6.60 last week, promoting the PBoC to apparently restrict some foreign banks' access to the CNH FX market (according to Reuters), it certainly looks like there is plenty of room for volatility on that front."