China’s FX regime getting clearer – NAB

By FXStreet Analysts at National Australia Bank explained that a return of risk appetite has seen Asian currencies strengthen across the board but still lag DM currencies.

Key Quotes:

“We have adjusted our forecasts to take into account the changing environment.”

“The rebound in the oil price seems to have stalled, Brenthas retraced from highs of just below USD 42/bbl.”

“China’s new FX regime appears to be getting clearer, with the RMB Index appearing to be positively correlated with the DXY.”
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Source:: FX Street