Analysts at TD Securities (TDS) offer their afterthoughts on the recent Chinese Trade Balance and RRR cut by the Chinese central bank. Key Quotes: “China’s August trade data was weak, with exports and imports falling, reflecting the worsening impact of tariffs and slowing growth. The trade outlook is likely to deteriorate further, with the latest intensification of tariffs having yet to be felt. In response to weaker activity and to push lending to smaller firms the PBoC cut its RRR. We expect further cuts to come but the impact continues to be muted. We think CNY depreciation remains the most obvious avenue to easier financial conditions. We maintain our view that CNY remains an obvious avenue for an easing in monetary conditions. The RRR cuts taken together with weak trade data are likely to mean that any retracement in USDCNY will be limited and short-lived.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY technical analysis: Doji on D1, failure to cross 50-DMA increase the odds of a pullback FX Street 4 years Analysts at TD Securities (TDS) offer their afterthoughts on the recent Chinese Trade Balance and RRR cut by the Chinese central bank. Key Quotes: "China's August trade data was weak, with exports and imports falling, reflecting the worsening impact of tariffs and slowing growth. The trade outlook is likely to deteriorate further, with the latest intensification of tariffs having yet to be felt. In response to weaker activity and to push lending to smaller firms the PBoC cut its RRR. We expect further cuts to come but the impact continues to be muted. We think CNY depreciation remains the most… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
