Where now for the Yuan

Meanwhile, other analysts highlighted a range of factors, including a possible reset in trade relations with the US trade under a Trump administration.

“A toxic combination of steeper US yield curve, along with the ever present discussion of a trade war with the US, dominates the current currency landscape, which favours a weaker yuan,” said Stephen Innes, senior trader at OANDA. “The inflating mainland asset bubbles and uncertainty over China’s growth trajectory will continue to provide a tailwind for the current US dollar move higher.”

South China Morning Post

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Stephen Innes

Stephen Innes

Senior Currency Trader and Analyst at OANDA
Stephen has over 25 years of experience in the financial markets and specializes in Asian currencies at OANDA. After having started his trading career with NatWest Bank, he is currently based in Singapore as a Senior Currency Trader and Analyst with OANDA, focusing on the movement of the Aussie Dollar and ASEAN Currencies. Stephen has an extensive trading experience in Interest Rate Futures, Money Markets and Precious Metals. Prior to joining OANDA, he worked with organizations like Cambridge Mercantile, Nat West, Garvin Guy Butler, Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes
Stephen Innes

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