. A strong run for the Chinese renminbi is prompting speculation about the thought processes in the upper echelons of Beijing’s ruling elite.
On Friday the heavily managed currency saw a 0.6 per cent rise to Rmb6.743 against the US dollar, sealing a weekly gain of 1.3 per cent — the biggest since China ditched its currency peg in 2005.
This time around, the theory is that the Fed has agreed to turn more dovish in return for Beijing pushing the renminbi higher, a move that should weaken the dollar.
Hans Redeker, global head of FX strategy at Morgan Stanley, says such an agreement, if it exists, would help China by providing the currency with the stability it needs in order to attract foreign capital. It would also aid the US by stimulating demand in the rest of the world.
Originally Posted by enki
Mantıklı..zaten Powell da ne yapacağını şaşırmış durumda..sevmiyorum bu terimleri ama bir gün şahin, bir gün güvercin açıklamalar yapmak zorunda kalıyor..
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