CBA’s Capurso Sees Further Downside for USD-CNY in Near Term

The transcript discusses the potential for market realization of currency levels, particularly in relation to the US-China trade agreement. It highlights the current state of the Chinese economy, noting strong trade and credit data despite tariffs. The discussion also covers the shift in Chinese policy from qualitative to quantitative growth, emphasizing the importance of recent comments from China's banking regulator.

What is the expected short-term trend for the Dollar CNH according to the discussion?

• It will fluctuate unpredictably.

• It will increase significantly.

• It will likely decrease.

• It will remain stable.

What factor is mentioned as a fundamental force pushing the Dollar CNH higher over the next few years?

• China's current account surplus collapse

• European market trends

• Global oil prices

• US economic growth

Despite tariffs, what aspect of the Chinese economy has remained strong?

• Export volumes

• Trade surplus with the US

• Foreign investments

• Domestic consumption

What recent statement by the Chinese banking regulator is highlighted in the discussion?

• A plan to reduce interest rates

• A warning about inflation risks

• A declaration of mission accomplished in deleveraging

• A call for increased foreign investment

What shift in Chinese economic policy is discussed in the final section?

• From industrial to technological development

• From domestic to international focus

• From qualitative to quantitative growth

• From quantitative to qualitative growth