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15 Sep 2015
A weaker CNY for 2016 - Scotiabank
FXStreet (Guatemala) - Analysts at Scotiabank explained that China is at the centre of developments in the Asia-Pacific region.
Key Quotes:
"The swift official intervention in securities markets coupled with an implied acceptance of a weaker renminbi hints at a phase of broad-based stimulus to revive economic activity and moving ahead with structural reforms. We project a weaker CNY through the end of 2016. Regional alignments may trigger disorderly competitive adjustments in the Asia Pacific region."
"The JPY will regain a weakening trend later in the year."
Key Quotes:
"The swift official intervention in securities markets coupled with an implied acceptance of a weaker renminbi hints at a phase of broad-based stimulus to revive economic activity and moving ahead with structural reforms. We project a weaker CNY through the end of 2016. Regional alignments may trigger disorderly competitive adjustments in the Asia Pacific region."
"The JPY will regain a weakening trend later in the year."