Taiwan CNH Roll-Out To Offer Limited Benefits

Paul Mackel, head of Asian fx research at HSBC in Hong Kong, said CNH liquidity could see a pickup due to the announcement. "This could cause a slight movement to the left in long-dated CNH forward points given expectations of greater liquidity," he said. But any positive impact could be o...

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Bibliographic Details
Published in:Derivatives Week 2012-09
Main Author: O'Leary, Daniel
Format: Article
Language:English
Subjects:
Liquidity
Offshore
Renminbi
Online Access:Get full text
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Summary:Paul Mackel, head of Asian fx research at HSBC in Hong Kong, said CNH liquidity could see a pickup due to the announcement. "This could cause a slight movement to the left in long-dated CNH forward points given expectations of greater liquidity," he said. But any positive impact could be offset by the continuing convergence of CNH and CNY, he noted.
ISSN:1075-2412