The CNY is STRONG versus peers. A devaluation is appropriate The CNY appears weak on the surface judging from trends in USDCNY, but if we assess the CNY versus a relevant basket of peers, it is up almost 20% on a trade-weighted basis since 2020. Allowing the CNY to...
Tonight’s FOMC decision will likely come as a surprise to markets, but the rhetoric and possible acknowledgement of market pricing will be key. We provide 5 things that we look at to understand the situation the Fed has placed themselves in. To read the full...
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