PBOC’s Restraint Monetary Policy will Continue to Support CNY vs USD. US-China Tensions as Major Downside Risk

<p>Renminbi (a.k.a. RMB, CNY) has strengthened against US dollar over the past 3 weeks. While the broad-based USD weakness is the key reason, PBOC’s neutral policy action over the past months has also led to renminbi’s appreciation. We expect the phenomenon would persist, supporting renminbi, in coming months. PBOC announced to left the policy rate, […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/china-watch/320401-pbocs-restraint-monetary-policy-will-continue-to-support-cny-vs-usd-us-china-tensions-as-major-downside-risk/">PBOC’s Restraint Monetary Policy will Continue to Support CNY vs USD. US-China Tensions as Major Downside Risk</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>