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Macro Comment ChinaCNY should weaken soon as USD gains strength again

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As the USD regains strength generally, we expect the CNY to weaken versus the USD, as we stick to our forecast of a stable effective Chinese exchange rate. From late 2018, we expect a stronger CNY, amid re-newed USD weakness.

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Bjarke Roed-Frederiksen

Senior Economist

Latin America and China

bjro03@handelsbanken.dk

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