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Monday, February 11, 2019

Renminbi (RMB) has depreciated after we warned of an anomaly.

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The RMB has depreciated after our warning about the abnormal appreciation.

http://sg-stock.blogspot.com/2019/01/renminbi-rmb-is-appreciating-abnormally.html

The Chinese Central Bank has successfully addressed the anomaly as its recent monetary policies are mostly liquidity driven.

2 comments:

Unknown said...

For 2 weeks before cny too much rmb being sucked from circulation by people & companies in preparation for cny. Now after cny liquidity conditions eased.

Eric Ho said...

We took cognizant of the anomaly after analysing the CNH (Offshore CNY) and CNY (Onshore CNY).

Therefore, this anomaly was not caused by the Chinese New Year per se and the proximate cause was the FED.