The document discusses the expected weakness of the RMB against the USD due to various economic factors, including interest rate differentials, hedging of FX liabilities, and Chinese authorities' tolerance for currency depreciation. It also covers the impact of recent FX reforms by Chinese authorities and provides a table of CNY basket values and USD/CNY spot rates from January 2015 to January 2016.
documents/vol00010-efta01459598-pdf.pdf
{"title":"FX Blueprint: Forever Young","key_people":["Chinese authorities"],"document_date":"2016-01-12","document_type":"tabular","key_locations":["China"],"key_organizations":["Deutsche Bank","Bloomberg Finance LP","CEIC","Haver Analytics"]}