Barclays – Long USD/CNH

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Barclays-294Barclays recommends Long USD/CNH:

“as Chinese officials place increasing emphasis on stability of the trade-weighted CNY, we think there is scope for significant weakness against the USD in an environment of Fed tightening.”

Barclays on the EUR/USD:

“FX market liquidity dropped materially into year-end, with average daily EUR/USD volumes about 1/3 of their 2015 average according to our VolT data.
Our data also suggest, however, that activity will increase markedly this week, with daily EURUSD volume usually 10-20% higher than average in the first week of the year”

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