Tighter CNH liquidity which triggered a spot rally could help stabilise near term FX expectations but Bank of Singapore believes continued renminbi weakening will persist for the medium-term and could be further pronounced should the US adopt a more protectionist tilt in trade policy. Near-term USDCNH consolidation expected According to the bank’s senior currency strategist, Sim Moh Siong, near-term USDCNH…
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