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Macro Comment ChinaNo more CNY weakening expected

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Following a marked CNY weakening over the summer, we do not expect much more weakening before re-newed strengthening sets in. Currency depreciation is not China's preferred weapon in the trade war, and we see signals that the authorities, if anything, are working for a stronger rather than weaker CNY. 

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Bjarke Roed-Frederiksen

Senior Economist

Latin America and China

bjro03@handelsbanken.dk

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