USD/CNY: There is still room for Yuan to strengthen – Commerzbank USDCNY China Banks
“The government reshuffle during the annual session of National People’s Congress marked the end of the latest five-year political succession. It is widely believed that under the new leadership line-up, the Communist Party will have a tighter grip on the government.”
“Beyond the near term, there is still room for CNY to strengthen modestly against the Dollar should future data show robust post-reopening recovery which will boost market confidence.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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