Asia Financial Markets Blogs

The PBoC Awakens

The People's Bank of China (PBoC) eased monetary policy unexpectedly on Friday, November 21, lowering its benchmark one-year lending rate by 40bps to 5.60% and the deposit rate by 25bps to 2.75%,...

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Big Moves In Emerging Market Currencies

The Chinese yuan has lost 1.6% against the US dollar since end-January, in line with our Asia team's long-held view that multi-year yuan appreciation was not a one-way bet. While the currency is...

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Chinese Yuan Steady, But For How Long?

One currency that has continued to strengthen throughout the recent bout of weakness in emerging markets currency markets is the Chinese yuan. This has taken us slightly by surprise, for although...

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