Exposure rates of the Dorval Asset Management Range – 8th November 2019

The yuan moved below the psychological 7-to-the-dollar mark again this week on the back of developments in China-US trade talks. 

This so-called phase one agreement was firstly interpreted as maintaining the status quo, but it may herald the beginnings of a de-escalation that could go beyond the trade of goods and include a cut in border tariffs. A date now needs to be set for the two leaders to meet.

 

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