IMF stands by yuan view; says China could need stimulus if trade war worsens
The International Monetary Fund on Friday stood by its assessment that the value of China’s yuan was largely in line with economic fundamentals, but an IMF official said the fund was encouraging China to pursue a more flexible exchange rate with less intervention. NEXT WEEK WILL BE A CRAZY WEEK.
WHAT YOU CAN EXPECT NEXT WEEK – TECHNICAL CHARTS
- Historical low doesn’t mean is the best time to buy
- You still need to consider the fundamentals – GDP, Inflation, and UK Political sentiments
- We BUY but cautious with good money management
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