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Macro Comment ChinaFlare-up of trade war clouds the outlook for the CNY

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The escalation in trade tensions have weakened the CNY recently. We have revised our near-term forecasts accordingly, but baring a fully fledged trade war, we still expect the CNY to remain stable and thus see a slightly stronger CNY versus the USD ahead.

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Bjarke Roed-Frederiksen

Senior Economist

Latin America and China

bjro03@handelsbanken.dk

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