Commodity market report
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4 Pages

China exchange rate outlook Q1 2015


China exchange rate outlook Q1 2015

Report summary

The short-term outlook for the RMB has been downgraded. We expect the RMB to continue its depreciation trend in 2015. The weaker currency outlook is primarily due to downside GDP risk coming to fore, with policy makers trying to moderate the pace of RMB appreciation in order to maintain export competitiveness and stabilise short-term economic growth. China's GDP growth is forecast to slow from 7.4% in 2014 to 7.1% this year and 6.9% in 2016.

What's included?

This report includes 2 file(s)

  • China exchange rate outlook Q1 2015 PDF - 376.42 KB 4 Pages, 1 Tables, 6 Figures
  • Exchange Rate Forecast Q1 2015.xls XLS - 116.00 KB

Description

This Exchange Rate Outlook presents Wood Mackenzie's annual bilateral exchange rate forecast to 2035.

Our comprehensive understanding of commodity markets gives us a unique insight into the outlook for commodity currencies.

We forecast bilateral exchange rates by assessing fundamental drivers, including interest rate differentials, relative economic growth rates, productivity of the tradable goods sector, and the current account balance.

Wood Mackenzie's macroeconomic forecasts underpin all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

  • Executive summary

In this report there are 7 tables or charts, including:

  • Executive summary
    • Exchange rate forecasts
    • CNY per USD
    • Real Trade Weighted Exchange Rate Index
    • Current Account Balance
    • Capital account balance
    • Trade balance
    • Exchange rate comparison
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