Trade War Continues to Direct Outlook of USDCNY in 2020

<p>As in last year, Chinese Yuan will remain directed by the US-China trade war in 2020. Although China’s economy continues to struggle and PBOC’s monetary policy is tilted to the accommodative side, CNY should stabilize against USD if trade negotiations are smooth. Elevated inflation should keep PBOC cautious in adopting monetary easing. As such, fiscal […]</p>
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