国内英语资讯:News Analysis: Robust yuan points to market confidence in Chinese economy_时事

国内英语资讯:News Analysis: Robust yuan points to market confidence in Chinese economy

These details are dovish in nature and point to the greenback experiencing a gradual depreciation in the coming months, on the back of "signs of slower economic activity," according to Czerwonko, the UBS strategist.

"January's minutes reveal that several FOMC participants were of the view that no more hiking this cycle would be necessary unless inflation were to exceed expectations," said Czerwonko.

Echoing his concerns, BlackRock Investment Institute pointed out in a latest report that the U.S. economic expansion is shifting into "a late-cycle phase" of the business cycle, the final phase before a downturn, as fiscal and monetary stimulus is dissipating while the impact of protracted trade tensions is biting back.

"We assess that it will enter the late-cycle phase at sometime in the first half of this year," Elga Bartsch, chief economist at the institute, said Thursday while briefing the report themed the global economy and 2019 outlook.

She noted that the projection was based on analyzing a wide range of U.S. economic variables, including a slowdown in growth, gradually increase in wage inflation, the employment rate being below the natural rate, credit ratio and the savings behavior of the private sector.

OUTLOOK FOR TURNAROUND IN CHINESE ECONOMY

Asked about the recent yuan appreciation, Bartsch talked about one factor that could help support the Chinese currency in a long term, as she believed exchange rates pick up much different information and are always based on a relative basis.