Amundi believes that the Chinese yuan, as one the most resilient currencies, will be a “currency stabiliser” in 2017, although the market is currently underestimating this fact. The firm also expects that the Chinese economy will stabilise in 2017, and that this is already partially priced in. “With US dollar gaining much strength by appreciating +3.1% after Trump’s election, the Chinese…
Amundi: CNY to be a “currency stabilizer” in 2017
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