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China’s yuan steady as Trump trade fades, but volatility seen spiking next year
China’s yuan was steady on Monday, as the prospects of further economic stimulus and a likely increase in dollar selling by Chinese exporters offset the disappointment from Beijing’s debt swap scheme. Yuan volatility could spike again next year as Donald Trump returns to the White House, potentially escalating trade tensions with China as the president-elect has threatened tariffs in excess of 60% on all Chinese goods. “What policies will Donald Trump deliver as president is highly uncertain right now,” BNP Paribas said in a note. “We think the Chinese government and the PBOC are preserving some policy ... (full story)
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- Posted: Nov 11, 2024 1:56am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,637
