China's FX regime getting clearer - NAB

Analysts at National Australia Bank explained that a return of risk appetite has seen Asian currencies strengthen across the board but still lag DM currencies.

Key Quotes:

"We have adjusted our forecasts to take into account the changing environment."

"The rebound in the oil price seems to have stalled, Brent has retraced from highs of just below USD 42/bbl."

"China’s new FX regime appears to be getting clearer, with the RMB Index appearing to be positively correlated with the DXY."