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Barclays: USD Fundamentals Stronger Than Expected; USD/CNY Central Parity Rate Expected to Stabilize at 7.1-7.11 in ST
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The Barclays research team released a research report believing that the factors supporting the resilience of the USD are much stronger than expected. Due to exchange rate valuations adjusting with changes in tariff policies, the overly pessimistic sentiment in the foreign exchange market was corrected. Additionally, the current lack of credible investment alternatives mean that the fundamentals of the USD are stronger than commonly perceived. Barclays believed that, in the short term, the central parity rate of USD/CNY will stabilize between 7.1 and 7.11, as the central bank will continue to focus on the currency basket, with the short-term bottom of the basket index expected to be between 95 and 95.5. Looking ahead, the overall USD trend and the progress of China-US trade negotiations will once again become dominant factors. AASTOCKS Financial News Website: www.aastocks.com |
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