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17 Jan 2020

Asia's top FX forecaster says Yuan will end 2020 as one of the worst performing currencies - Bloomberg

MUFG Bank Ltd., which topped the currency-forecasting stakes for the region in the final quarter of 2019, thinks trade tensions will return and China's Yuan will end 2020 as one of emerging Asia's worst-performing currency, according to Bloomberg. 

Key quotes

People are very bullish and they’re not really seeing any clouds in the sky for the yuan. They are kind of acting as if Trump is going to be a very different creature when it comes to trade this year. 

The crusty cake of protectionism that sort of enveloped the global economy is still going to be there.

China is like a runner with a 120-kilogram of debt on its back. Even though they’re able to run faster for a little while, eventually they’ll get tired again.

Yuna has appreciated by more than 4 percent over the four months on expectations for US-China trade truce. The two nations signed a phase-one trade deal this week. 
 

Jan 17, 2020

China NBS Chief Ning: Economy showed positive changes in Q4, especially in Nov and Dec

Following the release of the fourth-quarter Chinese GDP data and December activity numbers, China’s National Bureau of Statistics (NBS) Chief Ning is
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Jan 17, 2020

BOK’s Lee: Fiscal policy would be much more effective than monetary policy in solving structural issues

“Friday's rate decision was not unanimous,” South Korea’s central bank, Bank of Korea (BOK), Governor Lee Ju-yeol said in a statement on Friday follow
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