China's Yuan Slips on Economic Weakness Despite Tight Offshore Funding
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#ac774dfe ver:0.22

Despite weak economic data, the Chinese yuan slipped against the US dollar. Offshore funding conditions remained tight, preventing further decline. Analysts expect the yuan to be the primary release valve for easing domestic conditions. J.P. Morgan maintains a long position on the USD:CNY exchange rate, with the yuan expected to depreciate. The People's Bank of China is expected to set the yuan mid-point at 7.2653 per dollar. China must loosen monetary policy soon as the economy stalls. The USD/CNY fix will be a key indicator of China's stance. #China #yuan #economy #USD #forex...

#newstr #China #Yuan #EconomicWeakness #OffshoreFunding #Currency #PropertyDownturn #Stimulus #InterestRate #Citi #People'sBankOfChina #Pboc 

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