Yuan Appreciation Should Aid LatAm

Yuan Appreciation Should Aid LatAm

Asia

News that China may loosen the currency peg to allow controlled appreciation could be positive for LatAm short-term, though the lasting impact is unclear, say strategists. Morgan Stanley believes the impact on LatAm will be modest, although positive, and adds that there is still uncertainty over how far the Chinese will permit its currency to strengthen in coming months. The shop expects CNY/USD to be at 6.60 by year-end 2010, and 6.20 by the end of 2011, which would represent a gain of just und

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