HSBC, Morgan Stanley revise CNY forecast.

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    • Subject Terms:
      HSBC Holdings PLC HBC; MORGAN Stanley & Co. LLC ; PEOPLE'S Bank of China
    • Abstract:
      The article discusses the forecasting of the value of Chinese currency Renminbi by HSBC and Morgan Stanley. Particular focus is given to the dispel downward speculation People`s Bank of China. Details related to the views of economist at Morgan Stanley Robin Xing, market volatility, and renminbi globalisation index are also presented.