China | RMB exchange rate outlook under the trade war threat
Published on Wednesday, November 21, 2018 | Updated on Wednesday, November 21, 2018
China | RMB exchange rate outlook under the trade war threat
Summary
RMB exchange rate is on its second wave of depreciation since the devaluation in August 2015. Escalating trade war, economic slowdown and divergence of US and China’s monetary policy contributed to the depreciation. The authorities' attitude has been from “ride-on-the-wave” to “lean-against-the-wind” and RMB outlook is hinging on the meeting between Trump and Xi in G20.
Topics
- Topic Tags
- Regional Analysis China
Authors
Jinyue Dong
BBVA Research - Senior Economist
Le Xia
BBVA Research - Chief Economist
Documents and files
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