Analysts at Nomura suggest that China is unlikely to experience substantial capital outflows for few reasons. Key Quotes “1) corporates are better hedged, with outstanding long USD/CNY FX forward positions rising to USD106.9bn in September 2018 from only USD47.4bn in July 2015; 2) domestic investors have grown increasingly accustomed to greater FX volatility since the RMB devaluation and FX reform of August 2015 and; 3) local authorities have clamped down on numerous outflow channels, which should help limit any capital flight.” “Overall, our view that USD/CNY will break 7.0 before year-end is intact. Indeed, there are risks that this could occur realtively soon. Importantly, we believe that, even if there is a break, this would trigger a recurrence of the 2015/16 period of capital outflows, while authorities should be able to easily manage the FX market on a break.” 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 US: Focus on the October jobs report this week – ING FX Street 4 years Analysts at Nomura suggest that China is unlikely to experience substantial capital outflows for few reasons. Key Quotes "1) corporates are better hedged, with outstanding long USD/CNY FX forward positions rising to USD106.9bn in September 2018 from only USD47.4bn in July 2015; 2) domestic investors have grown increasingly accustomed to greater FX volatility since the RMB devaluation and FX reform of August 2015 and; 3) local authorities have clamped down on numerous outflow channels, which should help limit any capital flight." "Overall, our view that USD/CNY will break 7.0 before year-end is intact. Indeed, there are risks that this could… 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.
