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"Stable rates" in CNY in next three months, "mild weaknesses" in one year

Following the convergence of RMB offshore and onshore rates to USD, a Credit Suisse expert reckons that while the currency will be stable in the next three months, there is further basis for it to fall further as it remains “overvalued” on a trade weighted basis. Heng Koon How, director and senior fX strategist Asia Pacific, Credit Suisse Private Banking & Wealth…

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