Westpac: yuan remains resilient despite upward pressure on USD

Yuan could be supported by China’s fiscal stimulus and balanced capital outflows; Indian rupee faces pressure from oil prices and deficits

Yuan lift: resilience comes from support of China’s policymakers and balanced capital outflows

CLICK HERE TO DOWNLOAD THE PDF (only available to FX Week Corporate subscribers)

The Chinese yuan is likely to remain resilient despite upward pressure on the US dollar, after the Federal Reserve’s decision to hold interest rates steady on May 1, according to Westpac.

The Australian bank topped this week’s one-month emerging markets (EM) currency forecast.

The yuan’s resilience comes from the support of China’s policy-makers, as well as balanced capital outflows, according to Frances Cheung

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: