• Yuan to head towards 7.10 or 7.15 per dollar by year-end - SocGen

Noticias del mercado

9 agosto 2019

Yuan to head towards 7.10 or 7.15 per dollar by year-end - SocGen

Societe Generale's Greater China economist, Michelle Lam, spoke to Bloomberg TV:

  • PBOC will watch carefully on capital outflow dynamics in the near-term

  • Doesn't want to upset traders too much on the matter

  • If trade tensions continue to escalate, can expect USD/CNY to rise to 7.50

  • PBOC may tighten capital controls if outflows start to pick up

  • However, doesn't expect pace of capital outflows to be as dramatic as in the past

  • Markets are more prepared to deal with a weaker yuan now

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