"China's Stock-Rescue Impact on FX Could be Transitory
Happy Hump Day!
Our belated take on China's reported stock-rescue plan -- is that the lift on CNH (spot prices, rates/FX swaps) against USD might be temporary only ...
For the Bloomberg Intelligence react out today, please click BIO Stephen Chiu for the writeup: 'China's Stock-Rescue Hit on Yuan's FX Market Could be Transitory' (terminal link: https://blinks.bloomberg.com/news/stories/S7QP8ST1UM0W"
Northbound Stock Connect vs. Yuan FX Market
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