Forex
globalreutersFebruary 5, 20251 Mins read
JP Morgan see a much weaker Chinese yuan due to Trump tariffs, PBoC to step in
globalreutersFebruary 5, 20251 Mins read JP Morgan cite cocnerns over Trump’s extra tariff impost on China.
- Says USD/CNH to rise at least 1% higher from its January closing level.
- analysts at the bank expect the People’s Bank of China will step in to prevent the spot rate rising above 7.4
This article was written by Eamonn Sheridan at www.forexlive.com.
Related Articles
Australian Dollar remains subdued following Trade Balance data
The Australian Dollar (AUD) edges lower against the US Dollar (USD) following...
Ireland Purchasing Manager Index Services down to 53.4 in January from previous 57.1
Ireland Purchasing Manager Index Services down to 53.4 in January from previous...
Australia National Australia Bank’s Business Confidence (QoQ) up to -4 in 4Q from previous -6
Australia National Australia Bank's Business Confidence (QoQ) up to -4 in 4Q...
Goldman Sachs dismisses bubble concerns over US equity market dominance
Goldman Sachs has pushed back against concerns that the dominance of the...
Leave a comment