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25 Jan 2016
China: Investors to monitor major developments - BBH
FXStreet (Delhi) – Research Team at BBH, suggests that the investors will continue to monitor developments closely in China.
Key Quotes
“The central bank has injected large sums of liquidity into the market, ostensibly ahead of the New Year holiday in early February. Through overt action, and possibly covert as well, Chinese officials have, at least temporarily succeeded in stabilizing both the onshore and offshore yuan. This helped it, at least tentatively, to keep the spread between the two at relatively low levels. The Shanghai Composite looks poised to bounce from a technical perspective. It finished last week near 2915. A move above 3000 would be constructive.”
Key Quotes
“The central bank has injected large sums of liquidity into the market, ostensibly ahead of the New Year holiday in early February. Through overt action, and possibly covert as well, Chinese officials have, at least temporarily succeeded in stabilizing both the onshore and offshore yuan. This helped it, at least tentatively, to keep the spread between the two at relatively low levels. The Shanghai Composite looks poised to bounce from a technical perspective. It finished last week near 2915. A move above 3000 would be constructive.”