USD/CNH to move towards 7.45 by year-end – Societe Generale
Source Fxstreet
Third Plenum meeting is going to happen next week. The discussion around reviving the property market and consumer sentiment will be its main topic, Societe Generale FX strategists note.
Retreat from 7.30 for USD/CNH may be short-lived
“Soft inflation data in China overnight reinforces our view that consumer sentiment in the mainland economy remains weak.”
“The discussion around reviving the property market and consumer sentiment will be the main topic at the Third Plenum meeting next week.”
“The consequences of subdued economic growth means the retreat from 7.30 for USD/CNH may be short-lived. Our EM colleagues pencil appreciation of the pair towards 7.45 by year-end.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The US-Israel-Iran conflict enters its second week as new developments emerge in the situation.On March 9 local time, U.S. President Trump sent a clear signal during a press conference, s
West Texas Intermediate (WTI) crude oil price gave up gains from the previous session, trading around $81.70 per barrel during the Asian hours on Wednesday.
President Trump claimed the war is essentially over, as cryptocurrencies surged across the board and Bitcoin broke through $70,000.
WTI recovers to near $86.50 as Strait of Hormuz remains closedWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.40 during the early Asian trading hours on Tuesday. The WTI price faces extreme volatility following a massive spike to nearly $120 per barrel in the previous session.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.40 during the early Asian trading hours on Tuesday. The WTI price faces extreme volatility following a massive spike to nearly $120 per barrel in the previous session.
On the afternoon of March 9, Beijing time, following a surge in international crude oil prices triggered by escalating geopolitical conflicts in the Middle East, the Group of Seven (G7) u
