Analysts at Morgan Stanley express their thoughts on the Chinese currency in the coming months, in the wake of China’s widening current account deficit and US-China trade spat. Key Quotes: “In the near term, we think the PBoC will likely work to keep the RMB stable on a TWI basis via adjustments to the USDCNY fixing. A stronger RMB will act as an ‘anti-USD’ and will help bring about a secular decline in the DXY. However, over the course of 2019, we see a case for RMB underperformance relative to EM due to the widening of China’s current account deficit and we suggest investors buy SGD/CNH to capitalize on this trend. Options pricing from one-week USDCNY risk reversals suggests, on average, the market remains optimistic that a trade deal could be reached, resulting in a CNY rally.” 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 Three quarters of UK carmakers fear no-deal Brexit – UK SMMT survey FX Street 4 years Analysts at Morgan Stanley express their thoughts on the Chinese currency in the coming months, in the wake of China's widening current account deficit and US-China trade spat. Key Quotes: "In the near term, we think the PBoC will likely work to keep the RMB stable on a TWI basis via adjustments to the USDCNY fixing. A stronger RMB will act as an 'anti-USD' and will help bring about a secular decline in the DXY. However, over the course of 2019, we see a case for RMB underperformance relative to EM due to the widening of China's current account… 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.
