Natixis’ Nordine Naam writes for FX-MM on China’s woes

download (7)In Nordine Naam’s weekly forex blog for FX-MM, Natixis’ senior forex analyst focuses on China’s recent woes and the ongoing correction of commodity currencies. Indeed, due to the sharper-than-expected economic slowdown in China and emerging countries, Naam predicts a more moderate increase in the Fed Funds rate in 2016. Given this expected hike in the Fed Funds rate, alongside a probable further deterioration in economic activity and significant capital outflows, it is very likely that the yuan will continue to weaken – taking the USD/CNY towards 6.70, or possibly 6.80 by 2016.

To further read Naam’s forecast, click here

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