The trade deal between the US and China was stone dead from the outset, according to analysts at Nordea who recommend to buy the USD/CNH pair. Key quotes “The trade deal was stone dead already from the outset, but no one had an incentive to reveal it until after the US election. The Corona virus has offered the Trump administration an opportunistic chance to opt for China bashing instead.” “We would be surprised if the PBoC didn’t allow USD/CNY to slowly but surely pave its way higher towards November, given the crystal-clear risk of a re-escalation of the tariffs war and continued issues of rebooting credit growth in China. More PBoC easing and more exported disinflation coming up.” “We buy USD/CNH with a target of 7.3850, and a S/L at 6.9520.” 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 Gold rallies further beyond $1750 level, highest since Oct. 2012 FX Street 2 years The trade deal between the US and China was stone dead from the outset, according to analysts at Nordea who recommend to buy the USD/CNH pair. Key quotes “The trade deal was stone dead already from the outset, but no one had an incentive to reveal it until after the US election. The Corona virus has offered the Trump administration an opportunistic chance to opt for China bashing instead.” “We would be surprised if the PBoC didn’t allow USD/CNY to slowly but surely pave its way higher towards November, given the crystal-clear risk of a re-escalation of the tariffs war… Top 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.
