The document discusses the expected continued 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 the potential for USD/CNY to reach 7.0. The document includes a table showing CNY basket values and USD/CNY spot rates from January 2015 to January 2016.
documents/vol00010-efta01459698-pdf.pdf
{"title":"FX Blueprint: Forever Young","document_date":"2016-01-12","document_type":"tabular","key_locations":["China"],"key_organizations":["Deutsche Bank","Bloomberg Finance LP","CEIC","Haver Analytics"],"reference_numbers":["DB-SDNY-0120327","SDNY_GM_00266511","EFTA01459698"]}