This paper establishes an unrestricted Vector Autoregression model and a Vector Error Correction model to forecast the next two years' one-year Non-deliverable Forwards exchange rate of RMB against USD, then studies the dynamic characteristics of the models through Impulse Response Function and Variance...
The tussle between the two sets of data is still ongoing but we reiterate our 2009 GDP forecast of 6.5%. Reiterating a Flat USD/RMB Outlook USD/RMB actions over the past 6 months remain stag- nant as the global financial crisis continues to wear on. The trading range fluctuated narrowly...
CNH to steady appreciate vs. USD CREDITS Attractive, under-researched credit opportunities DIVERSIFICATION Interest rate curves Currency – RMB Access to new credits CNH Why Invest ors Need t o Pay At t ent i on 9 -5% 0% 5% 10% 15% ...