USD/CNY: Yuan should start to weaken in the second half of the year – Nordea USDCNY China PBOC Banks
“Reduced restrictions and falling real incomes in advanced economies indicate that demand for Chinese goods should slow down later this year. In March, China’s exports volume declined and the“The interest rate differential between the US and China has turned positive and it should push the USD/CNY higher this year.”
“Lockdowns in China are dampening growth momentum and are a negative factor for the CNY, but on the positive side, the number of Chinese travelling abroad will remain below pre-pandemic levels and travel-related FX demand won’t increase in the coming months.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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