CNY: It’s all about stability – ANZ

Sandeep Kanihama FXStreet Contributor

Analysts at ANZ explain that now that outflow pressures have been contained and downside growth risks have diminished, they expect CNY to firm slightly in 2018.

Key Quotes

“While the authorities will allow CNY to be more market determined, they will keep the CFETS RMB Index within a stable range.”

“Easing back of outflow measures will only occur if the authorities are confident that sustained inflows can be achieved to ensure balanced flows.”

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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