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CNY: Measured appreciation path expected – OCBC

The report by Sim Moh Siong and Christopher Wong from OCBC Bank, indicates that a sub-Bloomberg consensus USDCNY fix signals a growing tolerance for RMB strength. However, authorities appear committed to a measured and orderly appreciation path for the Renminbi (CNY). The report emphasizes the importance of maintaining orderly market dynamics.

Authorities favor orderly RMB appreciation

"A sub-Bloomberg consensus USDCNY fix signals growing tolerance for RMB strength, but authorities still appear committed to a measured, orderly RMB appreciation path."

"This approach aims to prevent markets from rushing to offload USD in a disorderly manner, thereby avoiding any abrupt price fluctuations and ensuring orderly market dynamics."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

New Zealand’s Unemployment Rate rises to 5.4% in Q4 vs. 5.3% expected

New Zealand’s Unemployment Rate rose to 5.4% in the fourth quarter (Q4) of 2025 from 5.3% in the third quarter, according to the official data released by Statistics New Zealand on Wednesday. The figure came in above the market consensus of 5.3%.
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New Zealand GDT Price Index up to 6.7% from previous 1.5%

New Zealand GDT Price Index up to 6.7% from previous 1.5%
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