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Renminbi depreciation despite trade surpluses: Interest rate divergence may reverse in 2024

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Renminbi depreciation despite trade surpluses: Interest rate divergence may reverse in 2024
Author
  • Dec 13, 2023
  • 1 min read
  • 1821

Despite China’s trade surplus, the RMB is depreciating against the USD and Euro due to lower yields on RMB-denominated assets, but this trend is expected to reverse in 2024 as interest rates align and exports recover

https://tabinsights.com/article/renminbi-depreciation-despite-trade-surpluses-interest-rate-divergence-may-reverse-in-2024
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