Analysts at Nomura suggest that their survey on China FX and rates over the next three months, conducted from 18-20 July, highlights the market’s expectations for RMB to weaken against USD and 10Y Chinese Government Bond (CGB) yields to fall, although both are expected to remain in a range. Key Quotes “Specifically on FX, 64.8% expect USD/CNH to be in a range between current levels1 and 7.0, while 61.4% expect 10y CGB yields to be in a range between current levels2 and 3.25%.” “It is clear that, although the market appears bearish on RMB (primarily on trade protectionism), it is not pricing in any significant depreciation, with only small proportion (13.6%) expecting USD/CNH to break through 7.0 in the next three months.” “We broadly concur that 7.0 is likely a key threshold and could be held in the near term, but we would not underestimate near-term capital flight risks, especially amid more frequent periods of relatively fast RMB depreciation.” 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 Will US tariffs bring the EU and China closer together? – NAB FX Street 5 years Analysts at Nomura suggest that their survey on China FX and rates over the next three months, conducted from 18-20 July, highlights the market's expectations for RMB to weaken against USD and 10Y Chinese Government Bond (CGB) yields to fall, although both are expected to remain in a range. Key Quotes "Specifically on FX, 64.8% expect USD/CNH to be in a range between current levels1 and 7.0, while 61.4% expect 10y CGB yields to be in a range between current levels2 and 3.25%." "It is clear that, although the market appears bearish on RMB (primarily on trade protectionism), it is… 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.
