Dollar outperformance continued this week, with particular attention on a further move higher in USD/CNH, notes the research team at Nomura. Key Quotes “With Chinese authorities seemingly allowing for more market determination/flexibility in setting the RMB exchange rate against a backdrop of worsening US-led trade protectionism, a further weakening of local macro conditions and an expansionary domestic monetary policy, our Asia FX strategy team believes that risks of near-term RMB depreciation are building and added to existing long USD/CNH positions.” 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/CAD Technical Analysis: Bulls finding it difficult to make it through 61.8% Fibo. expansion level FX Street 5 years Dollar outperformance continued this week, with particular attention on a further move higher in USD/CNH, notes the research team at Nomura. Key Quotes "With Chinese authorities seemingly allowing for more market determination/flexibility in setting the RMB exchange rate against a backdrop of worsening US-led trade protectionism, a further weakening of local macro conditions and an expansionary domestic monetary policy, our Asia FX strategy team believes that risks of near-term RMB depreciation are building and added to existing long USD/CNH positions." 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.
