Monthly Archives: June 2017

Yuan surge is unsustainable – Westpac

By | June 5, 2017

Volatility defence: the PBoC plans to introduce a “countercyclical adjustment factor” to the pricing mechanism of the USD/CNY fixing CLICK HERE TO DOWNLOAD THE PDF Recent market intervention from China’s central bank to prop the yuan higher is unsustainable in the medium term as the US dollar is set for a comeback, says Sean Callow,… Read More »