China: Capital outflow pressure has fallen - Westpac
|Frances Cheung, Research Analyst at Westpac, Capital outflow pressure has fallen, while China maintains a small current account surplus.
Key Quotes
“The higher onshore yields have become more appealing, though we note capital flows are small compared with other BoP items. We expect a mild upside to USD/CNY in the coming months primarily on expected USD strength, with 6.65 a key resistance.”
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