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Colin Simpson: Editor, Asia Cross-Asset Markets

Away from the Great Hall, Stephen Innes, a Singapore-based Head of Trading at foreign exchange company Oanda, said a “treasure trove of positivity” early in the session is providing very buoyant political sentiment. He said this could see the yuan strengthen into year-end “as the PBOC will likely guide it to a strong tangent.”

Colin Simpson: Editor, Asia Cross-Asset Markets

While Xi is speaking on modestly prosperous society now, here are more insights from Innes at Oanda. He said strict nationwide controls over environmental issues could lead to slower economic activity into the year-end and well into 2018.

Innes at Oanda said supply-side reform is likely to promote further liberalization and let markets play the decisive role in price discovery:
“Foreign investors should like this candor, and I think this is key in the larger picture to encourage investment in the One Belt, One Road initiative.”

Bloomberg

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Stephen Innes

Stephen Innes

Head of Trading APAC at OANDA
Stephen has over 25 years of experience in the financial markets and currently based in Singapore as the Head of Trading Asia Pacific with OANDA. Stephen's market views focus on the movement of G-10 and ASEAN Currencies. His views appear in Bloomberg, CNBC.Reuters, New York Times WSJ and the Economist. His media appearances include Bloomberg TV & Radio, BBC International, Sky TV, Channel News Asia, ASTRO AWANI and BFM Malaysia. Stephen has an extensive trading experience in Spot and Forward FX, Currency and Interest Rate Futures, Money Market Derivatives and Precious Metals. Before joining OANDA, he worked with organisations like Nat West, Chemical Bank, Garvin Guy Butler, and 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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