Disappointing PMI Suggests PBOC will Ease Further. Policy Divergence to Drive CNY Lower vs USD

<p>The latest data revealed that China’s economy continued to lose momentum. The PMI report from the National Bureau of Statistics (NBS) showed disappointment in both manufacturing and services activities. Stability of the renminbi (a.k.a. Yuan, CNY) is mainly due to government’s control and is not reflective of the headwind the economy is facing. We expect […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/china-watch/400644-disappotining-pmi-suggests-pboc-will-ease-further-policy-divergence-to-drive-cny-lower-vs-usd/">Disappointing PMI Suggests PBOC will Ease Further. Policy Divergence to Drive CNY Lower vs USD</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>