China will ‘keep bleeding money,’ UBS strategist says
February 06, 2017 at 23:30 PM EST
China’s FX reserves will likely fall to $2.7 to $2.8 trillion by the end of the year, with USD/CNY reaching 7.2, says UBS’ FX strategist Wayne Gordon.
China will ‘keep bleeding money,’ UBS strategist says
By:
CNBC.com News
February 06, 2017 at 23:30 PM EST
China’s FX reserves will likely fall to $2.7 to $2.8 trillion by the end of the year, with USD/CNY reaching 7.2, says UBS’ FX strategist Wayne Gordon.
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