China: Capital outflow pressure has fallen - Westpac

Sandeep Kanihama FXStreet Contributor

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.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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