Flash: Further room for CNY appreciation even on taper talk - ANZ

FXstreet.com (Barcelona) - According to Khoon Goh, Senior FX Strategist at ANZ, there is further scope for CNY appreciation
even in the face of Fed tapering.

Key Quotes

"The arguments we laid out in support of appreciation in October are still valid. That is, a return of hot money inflows is set to
pick up with recent reforms to internationalise the RMB set to encourage this."

"A return of strong trade surpluses is another source of CNY support, while the recent rise in inflation will see the PBoC accommodating a stronger currency in the near term."